What defines fixtures in real estate?

Fixtures in real estate are defined as personal property that has been attached to the land or a building in such a way that it becomes a permanent part of the property. This means that fixtures are items that were originally movable (personal property) but have been affixed, installed, or otherwise integrated into the real property, making them immovable.

The importance of correctly identifying fixtures lies in their treatment during property transactions; when a property is sold, fixtures are typically included in the sale unless specifically excluded in the purchase agreement. Understanding this concept is vital for real estate professionals, as fixtures can significantly affect property value and buyer expectations.

The other options refer to aspects that do not align with the definition of fixtures. Immovable items that are part of the land do not specifically address the aspect of personal property becoming an integral part of real estate. Personal property that remains movable does not qualify as a fixture, as it must be attached to the land. Lastly, items that are leased for a specific term do not consider the nature of fixtures, which are typically owned, not leased.