To the extent the tenant is permitted to alter the leased premises, the lease should clearly state when this may be done, and under what circumstances. The lease must also be clear about the ownership of such improvements once completed. Which of the following terms refers to items of personal property that are attached to the real property, are paid for and installed by the tenant, and may be removed by the tenant at the termination of the lease?

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Trade fixtures refer to items of personal property that are attached to the real property, are paid for and installed by the tenant, and may be removed by the tenant at the termination of the lease. Anchors refer to items that are permanently attached to the real property and cannot be removed by the tenant without causing damage. Concessions and expense stop do not relate to this topic.

To the Extent the Tenant Is Permitted to Alter the Leased