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Property (Fixture And Non-Fixture)
property (fixture and non-fixture)
- in a real estate contract, the property is the land within the legally described boundaries and all permanent structures and fixtures. Ownership of the property confers the legal right to use the property as allowed within the law and within the restrictions of zoning or easements. Fixture property refers to those items permanently attached to the structure, such as carpeting or a ceiling fan, which transfers with the property.
Source: U.S. Department of Housing and Urban Development