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Unformatted text preview: Personal Property (Personalty) (Chattel) Land “Bundle of Rights” Copyright, 2004 9 Fixtures Once personal property items… now, permanently attached Microwave? Refrigerator? Copyright, 2004 10 Trade Fixture Personal property attached to real estate by a business tenant specifically for use in that business Display cases Refrigeration units Sinks in a salon 11 Tests for a Fixture Annexation of item (Damaging to remove?) Adaptation of the item (Custom fit?) Intent of the parties (Customary practice?) Relationship of the parties (Trade or farming fixtures of a tenant?) Copyright, 2004 12 4 Tests for a Fixture n Intent of the parties o Relationship of the parties p Annexation of the item q Adaptation of the item I R A A 3 Copyright, 2004 13 End of Lecture At the conclusion of this lecture, complete Quiz 8-3 in the course....
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- Spring '08
- Florida real estate