In real estate, the term "fixture" refers to what?

The term "fixture" in real estate specifically refers to an item that is permanently attached to the property. This includes items that have become a part of the property through physical attachment or integration into the structure, such as built-in shelves, lighting fixtures, or plumbing. The key characteristic is the permanence of the attachment; once an item is classified as a fixture, it typically remains with the property when it is sold.

The concept of fixtures is important in real estate transactions because they can influence the value and appeal of a property. Understanding what qualifies as a fixture helps in determining what is included in the sale of the property and avoids disputes between buyers and sellers regarding the ownership of such items.

The other options do not accurately capture the essence of what a fixture is in real estate. A temporary structure does not meet the criteria of permanence; a piece of furniture usually remains movable and is not attached; and a leasehold interest refers to a right to occupy and use a property rather than a physical item attached to it.