Archive | Trade fixtures

Condemnors Say the Darndest Things

In New York, sanctions are rarely imposed on counsel during civil litigation; they are almost never imposed in Condemnation cases, which involve constitutionally protected claims for just compensation. Recently, the frivolous arguments have grown as if on steroids. Established legal principles, logic, and ethics are seemingly abandoned in the hope of influencing the court. Here are two examples from recent cases: In a real estate (fee) claim in which the Claimant presented evidence that there existed a reasonable probability of rezoning, the condemnor argued that the probable rezoning of the… read more

Posted in Highest and Best Use, Leases, New York, Trade fixtures
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The Law of Trade Fixtures in New York State

It is well known that “an appropriation of land … is an appropriation of all that is annexed to the land, whether classified as buildings or as fixtures …” and that “[t]he value of the fixtures ought, therefore, [be] considered in estimating the total value of the property appropriate by the State.” Jackson v. State of New York, 213 N.Y. 34, 36 (1914). The so-called “trade fixture rule” holds that a claimant is entitled to compensation for trade fixtures it has a right under its lease to remove, but chooses… read more

Posted in New York, Trade fixtures
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