Quasi-personalty
Definition
Property, such as a fixture or lease for years, that, although unmovable, is considered personal property.
Illustrative caselaw
See, e.g. Clancy v. Oak Park Village Athletic Center, 364 N.W.2d 312 (1985).
See also
Definition from Nolo’s Plain-English Law Dictionary
Property that is considered to be personal property, even though it is actually (a fixture) or legally (a lease) attached to real property.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:22 pm
