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fixture

Fixture

A fixture is an item of personal property that has become real property by being permanently attached to land or a building.

Key Characteristics

  • Originally personal property
  • Becomes real property when attached
  • Transfers with the property unless excluded
  • Commonly tested using the MARIA test

MARIA Test

  • Method of attachment
  • Adaptability to the property
  • Relationship of the parties
  • Intention of the parties
  • Agreement of the parties

(Intention is the most important factor.)

Trade Fixtures

  • Fixtures installed by a tenant for business use
  • Considered personal property
  • Tenant may remove them if no damage is caused

Fixtures vs Personal Property

  • Fixture
    • Permanently attached
    • Transfers with real property
  • Personal Property
    • Movable
    • Does not transfer unless included

Exam Tip

  • When in doubt, fixtures transfer
  • Always check the purchase agreement
fixture.txt · Last modified: by reidjs