Trade fixtures are general those personal property improvements installed for business purposes. In a recent Court of Appeals decision, Matter of City of New York (Kaiser Woodcraft Corp.), 11 NY3d 353 (2008), it was noted that “New York takes a broad view in evaluating what improvements are to be regarded as (trade) fixtures.” Citing, Rose v State of New York, 24 NY2d 80, 86 (1969). The classic definition of a compensable trade fixture is an item added to the premises with the intention that it becomes a permanent… read more
February 14, 2020