Property Ownership
Real property in Michigan includes which of the following?
AFurniture and appliances
BLand, buildings, and fixtures permanently attached to the land✓ Correct
CStocks and bonds secured by real estate
DCrops before they are harvested
Explanation
Real property includes land and everything permanently attached to it, including buildings, structures, and fixtures. Growing crops (fructus naturales) are generally considered real property until severed.
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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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