Property Ownership
In Maine, 'personal property' includes all of the following EXCEPT:
AA vehicle
BFurniture
CA tool shed permanently attached to a concrete foundation✓ Correct
DHousehold appliances not affixed to the home
Explanation
A tool shed permanently attached to a concrete foundation has been annexed to the real property and may be classified as a fixture (real property). The other items are personal property because they are movable and not permanently attached.
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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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