Final answer:
An item of personal property that has been converted to real property is known as a fixture. Fixtures are objects that were once movable but have become attached or affixed to the land or building in such a way that they are now considered part of the real property.
Step-by-step explanation:
An item of personal property that has been converted to real property is known as fixture. Fixtures are objects that were once movable but have become attached or affixed to the land or building in such a way that they are now considered part of the real property. Some examples of fixtures include built-in appliances, lighting fixtures, and permanently installed fixtures like bathtubs or cabinets.
Fixtures are important because they can impact property rights and ownership. When an item becomes a fixture, it generally belongs to the owner of the real property. This means that when a person sells a house, fixtures are typically included in the sale unless otherwise specified in the contract.
In determining whether an item is a fixture or not, courts often consider factors such as the degree of attachment, the intention of the parties, and the purpose of the attachment. For example, if a bookcase is simply placed against a wall but not permanently attached, it may be considered personal property. However, if the bookcase is bolted to the wall, it would likely be seen as a fixture.