Property Ownership
Personal property is converted to real property through the concept of:
ASeverance
BDedication
CAnnexation / fixture✓ Correct
DEscheat
Explanation
Personal property becomes a fixture (real property) when it is annexed (attached) to the land or structure with the intent that it remain permanently. The intent of the annexing party is the key test.
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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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