Property Ownership
Which of the following is an example of 'personal property' in an Ohio real estate transaction?
AA built-in dishwasher
BA freestanding refrigerator that is not built-in✓ Correct
CA ceiling fan attached to the ceiling
DCentral air conditioning unit connected to the home's ductwork
Explanation
A freestanding, unattached refrigerator is personal property (chattel) because it is not permanently attached to the structure. Attached items like built-in appliances, ceiling fans, and HVAC systems are typically fixtures.
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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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