Property Ownership
A fixture in Arizona real estate is best defined as:
AAny appliance in a home
BPersonal property that has been permanently attached to real property and is legally considered part of the real estate✓ Correct
CDecorative items mounted on walls
DAny item that comes with the sale of a home
Explanation
A fixture is personal property that has been so permanently attached to real property that it is legally considered part of the real estate and passes with the property unless excluded by contract.
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Key Terms to Know
Contingency
A condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
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