Maintain your old Siemens Hipath system

Fixtures

Fixtures, related to real estate, are items that were originally personal property but are now attached to the property itself. This becomes the toughest issue when tenants attach fixtures to a property. These fixtures may include shelves or anything that is immovable by law.

There are five tests of fixture:

1) Method of Attachment: Is it nailed, welded or bolted down? Or is it simple leaning against the building or hanging on the wall?

2) Adaptability: Is the item customized or can it be easily used in other building.? Wall-to-wall carpeting would be considered a fixture because it has been cut for a room of a particular size and shape, and the carpet is attached to a track strip that is nailed to the floor.

3) Relationship: Is relationship between tenant-landlord, a buyer-seller or borrower-lender.

4) Intension: is indicated by action or agreement of the parties, weather it be expressed ore merely implied.

5) Agreement: Court will also look to the existence of any agreements between the parties. For example: Is he item mentioned in the real estate listing or purchase contract?

Exception to Fixture rule:

There are certain items that remain personal property after they have been affixed to real property.

If you rent to a business: These items are called "trade fixtures". Example are shelves, counters, cash registers used by business but not sold to customers.

If you rent to an individual(s): Id tenant installs room dividers, shelves, it may or may not be viewed as personal property. In many cases fixtures may be removed by the tenant, provide that premises are not damaged.

Martin Lukac, represents, #1 Loans USA(http://www.1LoansUSA.com), a finance web-company specializing in real estate/mortgage market. We specialize in daily updates, rate predictions, mortgage rates and more: info@1LoansUSA.com

In The News:

'Assassination attempt' on Zimbabwe's president
Sat, 23 Jun 2018 16:14:00 +0100
Zimbabwe's president has escaped injury after an explosion at a stadium where he was addressing a rally, in what state media are describing as an assassination attempt.

Spain rescues hundreds of migrants on boats
Sat, 23 Jun 2018 13:59:00 +0100
Spanish authorities have rescued 569 migrants whose boats were attempting to cross from North Africa to Europe.

Grenade thrown at Ethiopia PM: One dead, many hurt
Sat, 23 Jun 2018 11:19:00 +0100
At least 83 people have been injured in an explosion at the first rally of Ethiopia's new prime minister in the capital Addis Ababa.

Saudi Arabia poised to lift ban on women drivers
Sat, 23 Jun 2018 01:44:00 +0100
From midnight on Saturday women will be allowed to drive in ultra conservative Saudi Arabia - it's the only country on Earth where women drivers are currently banned.

Football fans banned for World Cup disorder
Sat, 23 Jun 2018 17:49:00 +0100
Two men have been banned from attending football matches following offences at the Russia World Cup.



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