According to law, a trade fixture is considered as which type of property?

A trade fixture is classified as personal property because it is typically installed by a business tenant in a leased space to support their operations. Even though trade fixtures are attached to the property, they are meant to be removed by the tenant at the end of their lease term, distinguishing them from real property, which is generally intended to remain with the property owner. This relationship is crucial in commercial leases where the business needs to customize the space for its operations, so the law recognizes that these items, while attached, are ultimately the property of the tenant and not considered permanent fixtures.

In this context, fixtures are generally classified as real property because they are intended to be permanent structures. An easement refers to a right to use another person's land for a specific, limited purpose, while a license provides temporary permission to use land but does not convey any ownership rights. Hence, trade fixtures do not fit into these categories, emphasizing their nature as personal property rather than real estate or rights associated with the property.