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RPPTL Real Estate Leasing Committee

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Bank branch vaults

RR
RPPTL Real Estate Leasing Committee
Wed, May 5, 2021 5:05 PM

Does anyone have experience with whether a bank' vault, vault door, and/or safe deposit boxes are considered trade fixtures versus alterations with respect to a tenant's end of term removal obligations.  Lease language would control and the trade fixture analysis is fact specific, there seems to be a lack of Florida cases specifically on point.    Wondering if anyone has dealt with this issue or have any applicable cases.

Neil

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Neil B. Shoter
Partner


Shutts & Bowen LLP
CityPlace Tower, 525 Okeechobee Blvd, Suite 1100 | West Palm Beach, FL 33401
Direct: (561) 650-8535 | Fax: (561) 822-5525
E-Mailmailto:NShoter@shutts.com | Biography http://www.shutts.com/professionals-neil-b-shoter | V-Cardhttp://www.shutts.com/vcard-1170.vcf | Websitehttp://www.shutts.com

Does anyone have experience with whether a bank' vault, vault door, and/or safe deposit boxes are considered trade fixtures versus alterations with respect to a tenant's end of term removal obligations. Lease language would control and the trade fixture analysis is fact specific, there seems to be a lack of Florida cases specifically on point. Wondering if anyone has dealt with this issue or have any applicable cases. Neil [Shutts_Logo.jpg] Neil B. Shoter Partner ________________________________ Shutts & Bowen LLP CityPlace Tower, 525 Okeechobee Blvd, Suite 1100 | West Palm Beach, FL 33401 Direct: (561) 650-8535 | Fax: (561) 822-5525 E-Mail<mailto:NShoter@shutts.com> | Biography <http://www.shutts.com/professionals-neil-b-shoter> | V-Card<http://www.shutts.com/vcard-1170.vcf> | Website<http://www.shutts.com>