What are items installed by the tenant related to their business called?

Study for the Indiana RECP Comprehensive Test. Utilize flashcards and multiple-choice questions, each with hints and explanations. Prepare to ace your exam!

The correct term for items installed by a tenant related to their business is trade fixtures. Trade fixtures are specific types of fixtures that a tenant installs in a leased space for the purpose of conducting their business. These fixtures remain the property of the tenant and can be removed at the end of the lease term, provided the tenant leaves the premises in good condition.

Trade fixtures differentiate themselves from other fixtures, which might become part of the property and cannot be removed upon lease termination. For example, a commercial tenant might install specialized equipment or display cases tailored to their business operations; these would be considered trade fixtures. Understanding this concept is vital in real estate practices, especially for tenants and landlords, as it dictates what can be removed and what remains with the property at the lease's end.

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