Unit 1: Law of Fixtures Flashcards
What is a fixture?
An object that was once personal property that has been attached making it now real property.
T/F Land can be a fixture.
False. Land is never a fixture.
What is another name for a fixture?
Appurtenance
How are fixtures or appurtenance transferred?
With a deed.
When determining whether a piece of personal property has become a fixture, what do you need to ask yourself?
Was the object affixed or installed with the apparent intent of improving the land?
If a seller wants to take a fixture with them, what do they need to do?
Exclude the fixtures from the purchase agreement.
What personal property is an exception from becoming a fixture and transferring with a deed?
1) Trade fixtures
2) Emblements, cultivated crops