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Who Legally Owns the Ironland Statue?

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In real estate, the distinction between a fixture and personal property is crucial, especially when determining what stays with a property after a sale and what the seller can take with them.
Fixtures are items that are attached to the property in such a way that they become part of the real estate. This could include things like built-in appliances, light fixtures, or even a statue that is permanently affixed to the ground. If something is considered a fixture, it generally conveys with the property, meaning it stays with the property when it is sold.
On the other hand, personal property refers to movable items that are not permanently attached to the property. These items remain the seller's property and do not transfer to the buyer unless specifically included in the sale agreement. Examples include furniture, portable appliances, or a statue that is simply resting on the ground without being attached.
In the context of Ironland, whether the flatiron statue is considered a fixture or personal property hinges on whether it is affixed to the ground. If the statue is permanently attached—such as being bolted or cemented into the ground—it would likely be classified as a fixture and would convey with the real property if Ironland were sold. However, if the statue is merely placed on the ground without any permanent attachment, it would be considered personal property, and the seller could take it with them after the sale.
Ironland footage courtesy of @_magnify
Fixtures are items that are attached to the property in such a way that they become part of the real estate. This could include things like built-in appliances, light fixtures, or even a statue that is permanently affixed to the ground. If something is considered a fixture, it generally conveys with the property, meaning it stays with the property when it is sold.
On the other hand, personal property refers to movable items that are not permanently attached to the property. These items remain the seller's property and do not transfer to the buyer unless specifically included in the sale agreement. Examples include furniture, portable appliances, or a statue that is simply resting on the ground without being attached.
In the context of Ironland, whether the flatiron statue is considered a fixture or personal property hinges on whether it is affixed to the ground. If the statue is permanently attached—such as being bolted or cemented into the ground—it would likely be classified as a fixture and would convey with the real property if Ironland were sold. However, if the statue is merely placed on the ground without any permanent attachment, it would be considered personal property, and the seller could take it with them after the sale.
Ironland footage courtesy of @_magnify
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