Property Ownership
In Kansas, what distinguishes a 'fixture' from personal property?
AFixtures are always owned by the tenant
BFixtures are permanently attached to the real estate and are included in the sale unless excluded✓ Correct
CPersonal property always transfers with the deed
DFixtures must be listed separately in the MLS
Explanation
A fixture is an item of personal property that has been permanently attached to real estate and is treated as real property. It transfers with the deed unless specifically excluded in writing.
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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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