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Fixture Filing
Practical Law Glossary Item w-000-4087 (Approx. 3 pages)
Glossary
Fixture Filing
A financing statement that covers goods that are or are to become fixtures (UCC § 9-102(a)(40) and (41)). Fixtures are goods that have become so related to particular real property that an interest in them arises under real property law.
A financing statement must contain:
- The name of the debtor.
- The name of the secured party or a representative of the secured party.
- An indication of the collateral covered by the financing statement.
A financing statement intended as a fixture filing must:
- Indicate that it covers fixtures.
- Indicate that it is to be filed in the real property records.
- Provide a description of the real property to which the collateral is related.
- Provide the name of a record owner, if the debtor does not have an interest of record in the real property.
A security interest in fixtures can be perfected by filing a financing statement or recording a mortgage or a deed of trust.