What does accession mean in the context of trade fixtures?

Study for the Rhode Island Real Estate Sales Test. Access multiple choice questions with detailed explanations. Prepare effectively and ace your exam with confidence!

In the context of trade fixtures, accession refers specifically to the principle that trade fixtures, which are items installed by a tenant for the purpose of conducting business, become the property of the landlord after the lease expires if they are not removed. This is significant in lease agreements, as it establishes the rights of both the tenant and landlord regarding what happens to fixtures at the end of a rental period.

While alterations made by renters or items added to enhance real property are relevant to real estate, they do not capture the essence of accession, which is about the ownership and treatment of trade fixtures after lease termination. Similarly, crops planted on leased land are a different subject area related to agriculture and tenancy rights, but do not pertain to trade fixtures and their ownership changes upon lease expiry.

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