TENANT'S FIXTURES AND FITTINGS

The tenant under the lease agreement may retain title to fixtures and fittings installed by the tenant. Upon sale of the business such items must be defined in the contract. Some tenant's fixtures because of their specialist nature or high wear and tear, have little value at the end of the lease term. The tenant should try to design and price the fittings so that they are fully amortized during the term of the lease.