Leasing License Practice Exam

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What type of property is a light fixture installed by a tenant?

Personal property
Real property
Intangible property
Commercial property

The correct answer is: Real property

A light fixture installed by a tenant is considered real property. This classification is based on the legal concept of fixtures, which are items that were originally personal property but have been attached to the real estate in a way that they become part of it. When a tenant installs a light fixture, it typically becomes a permanent part of the property because it is fixed into place and is intended to remain with the property even after the tenant vacates. This is significant in lease agreements, as it often dictates what can be removed by the tenant at the end of the lease term. In contrast, personal property refers to movable items that are not fixed to the land or buildings, such as furniture or appliances. Intangible property pertains to non-physical assets, like trademarks or patents, and commercial property refers to real estate used for business purposes. Therefore, recognizing light fixtures as real property reflects their attached and integral nature to the space they occupy.