What does the term "fixtures" refer to in real estate?

The term "fixtures" in real estate specifically refers to items that are permanently attached to a property and are considered part of the property itself when it is sold. Fixtures are typically items that have been installed or attached in a way that the removal would cause damage to the property, or they are so integral to the function of the property that they are assumed to be included in the sale. This can include items like lighting fixtures, built-in appliances, and cabinetry.

Understanding fixtures is crucial for buyers and sellers, as there can sometimes be disputes over what is included in the sale of a property. If a fixture is not explicitly mentioned in a contract, the assumption is that it remains with the property upon transfer of ownership. In contrast, movable personal property would not be classified as fixtures and would not automatically be included in the sale unless expressly mentioned.

The other options relate to different concepts in real estate, such as personal property, undeveloped land, and leases, which do not align with the definition of fixtures.