In real estate transactions, what does "severance" indicate?

Severance refers specifically to the removal of fixtures from a property, which distinguishes it from other concepts related to real estate. Fixtures are items that are attached to the property, such as light fixtures or built-in cabinets, and when they are removed, the character of the property can change significantly. This concept is important because it has implications for ownership and what is conveyed during a real estate transaction. For example, if sellers intend to take certain fixtures with them upon selling the property, they must clearly state this in the transaction to avoid disputes.

In contrast, concepts like the division of property into smaller lots relates to subdividing land and does not entail the act of removing physical attachments from a property. The process of buying and selling property encompasses a wide range of activities and legal considerations, not just the removal or retention of fixtures. Declaring a property vacant pertains to its occupancy status rather than the interaction of fixtures within the property itself. Understanding severance is crucial when considering what stays with the property and what may not, impacting both buyers and sellers during transactions.