Conversion Flashcards
1
Q
Conversion is when real property may be converted to personal property and
Personal property can be converted to real property
A
Severance
Real property is converted to personal by actual severance which occurs when an item is physically severed from the land.
Constructive severance occurs when an item is detached by intent only, rather than physically severed.
2
Q
Attachment
Personal property can become real property by attachment to the land.
A
Fixtures
When personal property is attached to the building so that in a legal sense it becomes real property, is called a fixture.
3
Q
Tests for fixtures.
Remember MARIA
Domestic, agricultural and trade fixtures my be removed by tenant
A
M ethod of attachment A. adaptation R. Relationship between parties I. Intent of Annexor A. Agreement of Parties