What qualifies as a fixture in real estate?

A fixture in real estate refers specifically to an item that is permanently attached to a building or the land in such a way that it becomes part of the property. This typically means that when the property is sold, fixtures are usually included in the sale, unless explicitly excluded in the transaction. This understanding is rooted in the concept of “annexation,” where items that were once movable, such as light fixtures or cabinets, are affixed to the property and considered part of it.

In contrast, other options do not fit the definition of a fixture. For example, while a property that is not easily movable refers to its physical characteristics, it does not imply any attachment to the property itself. Zoning restrictions and lease agreements pertain to the regulatory, legal, and financial aspects of property management but do not relate to physical attachments or properties, thereby not qualifying as fixtures. Understanding fixtures is crucial in real estate transactions, as they can influence the value and appeal of a property.