Property Valuation
In New Mexico, which of the following would be considered a 'trade fixture' and remain the tenant's property upon lease expiration?
AWall-to-wall carpeting installed by the tenant
BA commercial pizza oven bolted to the floor and installed by the restaurant tenant for their business✓ Correct
CInterior partition walls built by the tenant
DA HVAC system installed by the tenant
Explanation
Trade fixtures are items installed by a commercial tenant for their business use. Despite being attached to the property, trade fixtures are personal property and can be removed by the tenant before lease expiration.
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