Fixtures

Share on Facebook Share on Twitter Email
improvements or personal property attached to the land so as to become part of the real estate. Tests to determine whether an item is a fixture include:

• intent of the parties (was it intended to remain?)

• method of annexation (how is it affixed?)

• relation of the parties (was it expected to be part of a tenant’s business?)

• adaptation of the article (is it essential to the building?)

Example: Abel sells his house. The contract of sale includes all of the real estate. Baker, the buyer, believes that the ceiling fan in the dining room is a fixture, but Abel claims it as personal property .

Previous:Fixed-Rate Mortgage, Fixed Payment Mortgage
Next:Flag Lot, Flat

Post a question - any question - to the WikiAnswers community:

Copyrights: