goodygracious.com goodygracious.com
  Site Home >> About Us >> Add Your Link >> Security & Privacy >> ToS >> Add Article
Search:   
 
 

Las Vegas Real Estate: The Suburbs

If you?re thinking of moving to Las Vegas, you have to know about the suburbs that are available. Th ... - Shirley Simmons
 

Better Value In A Fair Market

Fair market value determines a property's worth. It is simply the amount someone in the current mark ... - Paul Pratt
 

Investing in Cities as Compared to Rural Areas

Helpful tips and ideas for all types of investors. Practical ways to create wealth through real esta ... - Leo Love
 
 

Is Now a Good Time to Sell Your Home?

The run up in home prices over the past few years have left many homeowners, especially those living ... - Andrew Webber
 

The Golden Rule of Real Estate Investing

Break this rule and you are sure to loose lots of money. - A. Greg Dickerson
 
 

Site Home › Property & Estate › Property Sites
 

Fixtures

 
Author: Martin Lukac
 

Fixtures, related to real estate, are items that were originally personal property but are now attached to the property itself. This becomes the toughest issue when tenants attach fixtures to a property. These fixtures may include shelves or anything that is immovable by law.

There are five tests of fixture:

1) Method of Attachment: Is it nailed, welded or bolted down? Or is it simple leaning against the building or hanging on the wall?

2) Adaptability: Is the item customized or can it be easily used in other building.? Wall-to-wall carpeting would be considered a fixture because it has been cut for a room of a particular size and shape, and the carpet is attached to a track strip that is nailed to the floor.

3) Relationship: Is relationship between tenant-landlord, a buyer-seller or borrower-lender.

4) Intension: is indicated by action or agreement of the parties, weather it be expressed ore merely implied.

5) Agreement: Court will also look to the existence of any agreements between the parties. For example: Is he item mentioned in the real estate listing or purchase contract?

Exception to Fixture rule:

There are certain items that remain personal property after they have been affixed to real property.

If you rent to a business: These items are called trade fixtures. Example are shelves, counters, cash registers used by business but not sold to customers.

If you rent to an individual(s): Id tenant installs room dividers, shelves, it may or may not be viewed as personal property. In many cases fixtures may be removed by the tenant, provide that premises are not damaged.

 
 
 

Related Articles

 
Mortgage Broker Training: How to Secure Loyalty From Realtors
 
Home Appraisals - What to Expect
 
High Tension for the Buyer and Seller of Real Estate Can Be Reduced
 
Condos For Sale
 
Is Real Estate the New 401(k) for Retirees?
 
Gray Power: Marketing to Canada's Aging Population
 
1031 Exchange ? Benefits and Rules
 
Loss Mitigation - a Set of Tools to Stop Foreclosure
 
Feng Shui in Real Estate Sales
 
4 Simple Tests To Find Good Real Estate Investment Properties
 
 
 
Add Url
 

Online Shopping

Technology & Science

Culture & Art

Recreation

News & Media

Sports

Teens & Children

Jobs & Employment

Automobiles

Self Management

Lifestyle & Fashion

Law & Politics

Banking & Finance

Healthcare & Medicine

Travel & Vacation

People & Communities

Drink & Food

Indoor Games

Property & Estate

Business & Companies

Home Family & Garden

Academics & Learning

Computers & Software

Hygiene & Health

 
Site Home >> Security & Privacy >> ToS  
Copyright © www.goodygracious.com - All Rights Reserved Worldwide.