agreement meets the legal test- This agreement should

Definitions of the Acronym MARIA Flashcards Bill of Sale/ AgreementA bill of sale or an agreement in the purchase contract

meets these requirementsEX: refrigerators, washers,

dryers, and other appliances are personal property Method of annexation- Is the item attached to the property?- How permanent is the attachment?- Would removal cause damage to the property?- If yes, then it would be considered real property Adaptability of item to land's use- How is the item situated or adapted to the real property?- Items to features that are permanently attached to the property Agreement of the partiesIf it is agreed that an item will stay or go, then that agreement meets the legal test- This agreement should also be in writing Trade FixtureA trade fixture is removable persona property that a tenant attaches to leased commercial premises to conduct their businessThey are allowed to take these fixtures once the

lease is up if:- It's essential for the tenant's business

operations- Detachable without damaging the property (repairable)- Moved out within a certain period of time Intention in placing item on landThe intention of who installs the item is regarded as the most important when deciding whether an item should stay or go- An item can change from temporary to permanent Relationship of the parties- What is the relationship between the seller and buyer?- Courts favor tenant's over the landlord- Courts favor the buyer over the seller