Property Ownership
In Wyoming, personal property that becomes so permanently attached to real property that it is considered part of the real property is called a:
AChattel
BFixture✓ Correct
CTrade fixture
DMovable improvement
Explanation
A fixture is personal property that has been attached to real property in a permanent manner and is therefore legally considered part of the real estate. Tests for fixtures include method of attachment, adaptation to use, and intention of the installer.
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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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