A man is building a deck on the rear patio slab of his new home.
He has just purchased the lumber which he needs to build the deck.
The lumber has just been delivered by the trucking company and left in the driveway for him.
Is the lumber considered to be real property (property to be affixed to the existing structure), or personal property ?
Remember to take your time. The answer is posted below the wildlife photo.
A. Personal property because it isn't affixed to the property.
By converting personal property (the lumber) into an assembled fixture which is permanently attached to the house, a process known as annexation takes place. Until this process has occurred, the unattached lumber remains personal property.
Licensees should be able to make the distinctions between real property and personal property.
Real property is conveyed or transferred by deed and personal property is usually conveyed or transferred by the use of a bill of sale.