shop fixtures; leasehold rights
Meanings
2 senses · 6 examplesnoun
furniture, fixtures and miscellaneous items used in a shop or workshop (in former times)
archaicRefers to the physical assets and equipment belonging to a commercial premises in historical business contexts.
Taking over this old shop costs quite a lot just for the fixtures and fittings.
In the old days, the key money for fixtures often cost more than the rent itself.
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When this tailor shop was transferred, the fixtures and the craftsmanship were sold together.
noun
leasehold rights to a shop or workshop; key money paid to the original tenant when subletting (in former times)
archaicRefers to the premium paid to acquire the right to lease commercial property from a previous tenant, distinct from the deposit or rent.
At that time, to rent this shop front, besides the monthly rent, you also had to pay a sum of key money.
Can the key money be retrieved when the lease ends?
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The old shopkeeper transferred the leasehold rights to someone else and returned to his hometown to retire.