Property Ownership
An Arizona homeowner installs a solar panel system. The solar panels are most likely considered:
APersonal property since they can be removed
BReal property fixtures if permanently attached to the roof and integrated into the electrical system✓ Correct
CPersonal property of the solar company if leased
DThe same classification regardless of whether leased or owned
Explanation
Solar panels permanently attached to a home are generally considered fixtures (real property) when owned by the homeowner. However, leased solar panels remain personal property of the leasing company—a critical distinction disclosed in sales.
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Key Terms to Know
Community Property
In community property states, most property acquired during marriage is owned equally by both spouses, regardless of who paid for it.
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.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
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