Property OwnershipIntermediateArizona Exam
Personal property that has been permanently attached to real property and is treated as real property is known as:
AA trade fixture
BA chattel
CA fixtureCorrect
DAn emblement
Why A fixture Is Correct
Answer C: A fixture
A fixture is personal property that has been permanently attached to or incorporated into real property, such that it becomes part of the real estate and transfers with the property unless specifically excluded.
Exam Tip: Property Ownership
Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.
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Key Terms to Know
Deed
A 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.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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