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When does personal property become real property by the manner of affixation to the ground? |
I.e. a hanger assessed as personal property that was transported to the aitrport but attached by cemenet and anchor bolts such that the structure is essentially permanent - can this affixation make the hanger become real property as opposed to remaining personal property Generally, one a structure is attached to real property by some durable means, it is considered a real property fixture. What? Anthing that is affixed to a building or the ground in such a way that its removal will physically harm the ground or the building is probably considered to have become real property or fixtures (which are a type of real property). when it can not be removed without doing damage or irreperalble harm. In Texas any structure/fixture that is permanently attached to the ground is considered Real Property. Even a MOBILE home can be considered Real Property if you remove the wheels and/or axles thereby making it permanent. Generally never |
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(1) The rule of sic utere tuo ut non alienum. Do not use your property in such a way as to diminish another's use of his own property. (2) Eminent domain, the power of the government to termi... old way of saying "specifically", as in the property at 123 Main St, specifically the lot lying east of Main St 10 ft, South of Elm St 220 ft, and dimensions of 100 ft by 200 ft, marked b... Yes - but as they mentioned it is still considered community property. Also, depending on where you go in PA (rural vs. city) you will likely encounter a little good old boy attitude where women... You mean conversion to a new owner by theft? Yes it can occur. ...It's going to depend on your state. Best to consult a lawyer with Sec. 1031 experience. EXCHANGES OF TIMBER RIGHTS This type of transaction should be qualified on a case-by-case basis. S... what do you mean by all rights? very few rights are absolute -- even ownership rights can be conditional as with condemnation. ...Yes and no. For estate tax purposes, you want an appraisal. This allows the property to have a defined value. You will need to maintain the appraisal for up to 7 years after the estate is close... Do a web search. But using blank legal forms without obtaining qualified counsel is risky. ... |
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