What is referred to as personal property that becomes part of real property?

Prepare for the New York Real Estate Salesperson Test with interactive multiple choice questions and detailed explanations on each topic. Study effectively and pass your exam with confidence!

The term that refers to personal property that becomes part of real property is a fixture. Fixtures are items that were originally personal property but have been permanently affixed or attached to the land or buildings, thereby becoming part of the real estate. This can include things like light fixtures, built-in appliances, or plumbing installations.

Once an item is classified as a fixture, it is considered real property and is typically included in the sale of the property. This distinction is important in real estate transactions, as it affects ownership rights and what is conveyed during a sale.

Chattel refers to personal property that is movable and not affixed to real estate, thus it does not become part of the real property. An asset is a broader term that encompasses both real and personal property and does not specifically address the process of conversion from personal property to real property. Tangible property simply refers to physical objects that can be touched or moved and does not capture the legal nuance of attachment to real estate.

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