Fixtures and Appurtenances
To determine whether property is real property (a fixture) or personal property, the courts have developed the five following tests:
(Remember the first initials of the previous five words, which spell the acronym MARIA, to help you remember how to determine whether an object is personal or real property.)
Annual crops such as wheat, corn, and vegetables are known as emblements or fructus industriales, AND are considered personal property. As long as the annual crop is growing it will be transferred as part of the real estate, unless a special provision is included in the sale contract.
Perennial trees, perennial bushes, and grasses that do not require annual cultivation are known as fructus naturales and are considered real property. If a tree is cut down and sold as firewood, the firewood becomes personal property.
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Notice | 부동산 용어사전 | 2019.04.15 | 2075 |
Notice | 부동산 용어 (A to Z) | 2019.03.03 | 1321 |
439 | FINAL TEST 2 (50) | 2019.04.02 | 18333 |
438 | FINAL TEST 1 (50-CORRECTION) | 2019.04.01 | 14992 |
437 | Quiz 8 | 2019.05.10 | 11440 |
436 | Quiz 7 | 2019.05.09 | 9896 |
435 | Quiz 14 | 2019.05.16 | 9445 |
434 | Quiz 5 | 2019.05.07 | 9033 |
433 | Quiz 12 | 2019.05.15 | 8852 |
432 | Quiz 10 | 2019.05.12 | 8833 |
431 | Quiz 15 | 2019.05.17 | 8701 |
430 | Quiz 3 | 2019.05.05 | 7918 |
429 | Quiz 6 | 2019.05.08 | 7649 |
428 | Quiz 11 | 2019.05.13 | 7462 |
427 | Quiz 13 | 2019.05.16 | 7288 |
426 | Quiz 9 | 2019.05.11 | 7142 |
425 | Quiz 4 | 2019.05.06 | 6185 |
424 | Quiz Law 1 | 2019.05.03 | 5928 |
423 | Quiz Law 2 | 2019.05.04 | 5671 |
422 | FINAL TEST 1 (50) | 2019.04.01 | 4748 |
421 | Review Quiz - BOOK 2 | 2019.04.29 | 4746 |
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419 | Economic and Physical Characteristics of Land | 2019.03.02 | 1698 |
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417 | Internet Advertising Regulations & DRE's Regulations | 2019.02.27 | 1393 |
416 | TEST | 2019.09.02 | 1391 |
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