Property Ownership
The MARIA acronym for determining if an item is a fixture in Utah stands for:
AMaterial, Adaptation, Relationship, Intent, Agreement
BMethod of attachment, Adaptability, Relationship of parties, Intent, Agreement of parties✓ Correct
CMarket value, Age, Renovation, Income, Appraisal
DMineral, Air, Riparian, Improvements, Assessments
Explanation
MARIA—Method of attachment, Adaptability to the real property, Relationship of the parties, Intent of the parties, and Agreement—are the tests used to determine whether an item is a fixture.
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Related Utah Questions
- An item becomes a fixture (real property) in Utah based on the MARIA test. What do the letters stand for?Property Ownership
- When a Utah licensee provides real estate services without a written agency agreement, the agency relationship that may be implied is called:Agency
- In Utah, a development agreement between a municipality and a developer is used to:Land Use & Zoning
- In Utah, which form of co-ownership is most commonly used by married couples and includes survivorship rights?Property Ownership
- A fixture is an item of personal property that has become real property because it has been:Property Ownership
- Riparian water rights (used in some eastern states) differs from Utah's prior appropriation doctrine in that riparian rights are based on:Property Ownership
Key Terms to Know
Appraisal
A professional estimate of a property's market value prepared by a licensed or certified appraiser.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Debt-to-Income Ratio (DTI)A lender's measure of a borrower's monthly debt obligations relative to their gross monthly income, used to evaluate loan eligibility.
Deed of TrustA security instrument used in many states instead of a mortgage, involving three parties: borrower (trustor), lender (beneficiary), and a neutral trustee.
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