Definition: In the real-versus-personal-property distinction, severance is the removal of an attached item so that it becomes personal property.
Example
A tree is cut and removed from the land; the resulting logs are personal property.
Keep the distinction clear
Other legal contexts use severance differently. Physical removal also does not settle who had the right to remove an item under a sale or lease.
Related terms
Fixture · Personal Property · Real Property
Keep studying
DEEP C: The Bundle of Property Rights Explained
References: FREC Course I syllabus: real and personal property
Pronunciation (US): SEV-er-uhns (capitals show stress)
Pronunciation reference: Merriam-Webster
Comments
0 comments
Article is closed for comments.