Examlex
What are the key concepts and related definitions relating to CAS 540.07?
Sublease
An agreement where the original tenant of a lease rents out their space to another party (the subtenant) for a period within the lease term.
Fixtures
refer to objects that were originally personal property but became attached to and part of real property in a way that they cannot be removed without damage.
Lease Term
The duration for which a lease agreement is effective, specifying the start and end date, as well as conditions for renewal or termination.
Trade Fixtures
Personal property that a tenant attaches to leased land or buildings for business purposes, which may be removed at the end of the lease.
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