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

Doing business as, or DBA, means an official moniker for your enterprise or company. Regularly, a DBA is a state certificate serving as a registration name and issued under a ...

A roof having two slopes on each side. The second slope is longer than the first part of the roof and extremely steep. ...

The external covering finish of a structure which protects it from the elements. Exterior finish materials, including shingles, siding, and paints, are design to resist severe weathering ...

Interest computations based only on the original principal. For example, the simple interest on a $100,000, 8% loan is $8,000. It is compared with compound interest which is applied to the ...

The term “de jure” comes from the Latin “by law” or “by right” and is commonly used to describe something that exists according to the law or by right. ...

Average of income, retail revenue, and population of a locality as a percentage of the entire United States. It reflects the economic status of a particular region. ...

Map showing the kinds of soil in a designated locality. ...

We call a concept ostensible when, at first sight, it appears to be accurate or valid. However, upon closer inspection, it proves to be a half-truth or completely false. For instance, Dale ...

Housing where affirmative action is proactively pursued protecting the housing rights of people of all races, nationalities, and religions. ...

Popular Real Estate Questions