Property Ownership
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 fixture✓ Correct
DAn emblement
Explanation
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.
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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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