Which item is classified as a fixture?

A fixture is typically defined as an item that is permanently attached to a property, meaning it cannot be easily removed without causing damage. Fixtures are usually integral to the building and contribute to its overall value and functionality.

In this context, the item classified as a fixture is part of a building that cannot be moved because it has been installed in such a way that it is fixed to the structure. Examples of fixtures include things like built-in shelves, plumbing, and lighting fixtures. These items are considered real property because they are permanently attached to the land or building.

On the other hand, furniture that can be moved is not classified as a fixture because it can be easily relocated without any significant alteration to the property. Inventory on hand refers to goods available for sale and is classified as personal property rather than real estate. Similarly, a vehicle used for business operations is also considered personal property and does not meet the criteria for fixtures. This distinction is essential in real estate and property management, as it affects ownership, taxation, and transferability of assets.