Property Ownership
Personal property that becomes permanently attached to real property and is considered part of the real estate is called a:
AChattel
BFixture✓ Correct
CAppurtenance
DTrade fixture
Explanation
A fixture is personal property that has been permanently attached to real property and, by virtue of its attachment, is legally considered part of the real estate. Examples include built-in appliances and custom cabinetry.
People Also Study
Related New York Questions
- In New York, 'fixtures' are personal property items that have been so attached to real property that they become part of the real estate. The primary test for determining if an item is a fixture is:Property Ownership
- The MARIA test is used to determine whether an item is a fixture. What does the 'I' in MARIA stand for?Property Ownership
- In New York, a 'condominium declaration' (master deed) creates the condominium and must include:Property Ownership
- In New York, which of the following would NOT be considered real property?Property Ownership
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.
Study This Topic
Practice More New York Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New York Quiz →