Fixture Flashcards
1
Q
What is a fixture?
A
Personal property that becomes real property. (Ex. Curtains, Ceiling fans)
2
Q
What is the acronym to remember what a fixture is?
A
MARIA (Method, Adaptability, Relationship of the parties, Intention of party when the item was attached, Agreement between the parties)
3
Q
What is a Trade Fixture
A
Piece of equipment on or attached to the real estate which is used in a trade or business and can be removed.
