What is an example of a trade fixture?

A trade fixture refers to an item of personal property that is attached to a commercial property and is used in the operation of a business. The key characteristic of a trade fixture is that it is intended for business purposes, and it is usually removable, meaning the tenant can take it with them when their lease or business ends.

In this context, a barber shop chair is considered a trade fixture because it is specifically used in the operation of a barber shop. Its primary function is to facilitate the services provided in that business. The barber shop owner typically has the right to remove the chair at the end of their lease, demonstrating how trade fixtures differ from other types of property that may be fixed to a location.

The other options do not fit the definition of a trade fixture. A personal computer is typically personal property rather than something specifically used in a commercial operation, a residential mortgage is a financial instrument related to property financing, and a mailbox, while it can be associated with a property, is generally considered a fixture of the property itself rather than a trade-related piece of equipment.