Which is not a test to determine whether something is a

Personal Property vs. Real Property Flashcards Which is not an appurtenance that belongs to and passes with the land?Reversion Which would be a physical characteristic of land? Uniqueness What are the physical characteristics of land? All land is immobile, all land is indestructible, all land is unique.Can real property become personal property through the act of "severance"?yes.Which is not a test to determine whether something is a fixture or personal property?Homogeneity of the article A lease is the personal property of thetenant If the owner of a rental house that is being sold tells the listing broker that the microwave stays even though the microwave belongs to the tenant, does the buyer get the microwave at closing?no, because the microwave is the property of the lessee.Trade Fixturesremovable personal property that a tenant attaches to leased land for business purposes. Trade fixtures are considered to be the personal property of the tenant in a commercial lease. Trade fixtures are considered to be the personal property of the tenant on a commercial lease.Trade fixtures are any attached. installed equipment the

tenant used to conduct his/her or business.Example: The

stove or diswasher in a restaurant.Which is true about personal property?It is not attached to the real property or the land.Which of the following groups of items would normally transfer to a new owner in a sale?Customer made mini-blinds, built in dishwasher, and oven/range.What do you call the rights, privileges and improvements that pass with the property?Appurtenances Real propertyFixed property, principally land and buildings, the interests, benefits, and rights inherent in real estate ownership.Which of the following is an example of personal property?The rented water softer in the basement at the time of sale on the house.Which of the following is considered personal property?Lease on an apartment for six months.Personal Property isnot attached to the land, it is moveable, it does NOT pass

with the land when bought/sold.Example: a portable gas

grill.Which of the following is not considered real property?Trade Fixtures Real estate includes the land, improvements, and ...Appurtenances The owner of the house wants the yard to be fenced in.When the fence is errected, the fencing material become

real estate through:

Annexation

All of the following items would transfer to the new owner in

the sale of a home except:

refrigerator Real property can become personal property through a

process known as:

Severnce Which is the best definition of a trade fixture? Trade fixtures can be removed, where non trade fixtures cannot.All are chattels except?Antique chandeliers A farmer sold his farm. Several months later the farmer was able to go back and harvest the crops that he planted.

The crops are called:

Emblements Personal PropertyItems that do not fit into the definition of real property; moveable objects.An artist had a stained glass window in the hallway. Upon selling the property the artist wanted to take the window.Can he do this?yes, as long as it is made clear before he signs the contact and got agreement.Personal property is transferred by aBill of sale

Real property is:The land, down to the center of the earth and above the air.

All improvements to the land, Your bundle of rights which includes you right to sell, rent, enjoy, control, etc.EmblementsGrowing crops that are produced annually through labor and industry. Emblements are considered to be the personal property of the one who did the planting.Emblements are crops which require annual planting and/ or care.Corn is an example.Personal propertyChattelPersonalty By definition, a fixture is an article that was...?once personal property.Do fixtures transfer when it is sold?yes.A commercial tenant's lease is about to expire. The tenant wanted to remove some shelving that he had installed.Could he do this?Yes, if he revives the shelves before the lease expires.Can you acquire or convey real property rights bundled together or separated?yes.A bill of sale would be the document to convey which the following?A refrigerator