Definition of "Fixture"

Christopher Dardano Agent real estate agent

Written by

Christopher Dardano Agentelite badge icon

NextHome CNY Realty

A fixed asset whose utility is derived from its physical attachment to a property and which usually cannot value or damage. A fixture, under the terms of a lease or other agreement, can be detached.

Comments for Fixture

Khem Kharel Khem Kharel said:

which one of these is not a fixture? land, shrub, tree swimming pool

Dec 25, 2018  21:10:02

 
Real Estate Agent

Land is real property, obviously. You can't take the land with you when you move. 
Shrubs and trees, since they are attached to the land by roots, are fixtures.
Swimming pools that are not fixed in the ground are NOT fixtures. So, even if it is well integrated into the property, like a jacuzzi or a prefab swimming pool, that is personal property.  Trade fixtures are also not true fixtures. 

Jan 09, 2019  04:28:46
 
 
image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

Local zoning law or private limitation on how far in feet a structure might be situated from the curb or other appropriate marker. ...

Lease that incorporates increases in agreed-on payments over the term of the lease contract. For example, a particular step-up lease may require that the lessee pay a 10% increase each year ...

A fixed marker or monument, either erected or naturally occurring, which serves as a boundary line for a parcel of land. For example, a stream on the eastern edge of the property serves ...

Legal mechanism available for a person who is over his head financially and is unable to meet his financial obligations. ...

Proposing or presenting for acceptance a price for a property parcel. Evidence of willingness to enter into a sales agreement. The bid price in a real estate or security ...

Local governmental ordinance breaking down the country into districts that are restricted on how private property is to be constructed and used. It applies to the land and buildings. The ...

Formal statement by an auditor, after through examination and consideration, as to whether a real estate company's financial statements fairly present financial position and operating ...

Timeshare homes is the popular name given to the concept of fractional ownership in real estate, and, in fact, is a better term to explain its meaning.Why?Well, fractional ownership means ...

Heading of a document, such as a real estate report. ...

Popular Real Estate Questions