Basic Concepts of Real Estate

What is Real Estate?

Real Estate can be referred to as land along with everything that is found on the land, such as a house. In other terms, real estate also refers to as land and fixtures which includes everything related to the land including rights, interest, and privileges of ownership of land.

When we talk about land in real estate, we refer not only to the surface of the earth but also to the layers below it, the air above it and everything permanently attached to it whether artificial or natural. Thus, land includes minerals, underground water, planted vegetation and the air above it.

A Fixture

A fixture is a legal concept that includes any item of personal property such as drapery rods, toilets, wet bar, or other items that is permanently fixed to real estate which once removed will cause damage to the premises. If the property is not affixed to real property it is considered fitting.

A property is said to be affixed to land when it is:

·         Attached to it by roots, as in the case of trees, vines, or shrubs;

·         Imbedded in it, as in the case of walls;

·         resting on the land permanently, as in the case of buildings; or

·         Permanently attached to the land by means of cement, plaster, nails, bolts, or screws.

Trade Fixtures

If things are attached by tenants to a property for use in the tenant's trades, they are called trade fixtures. Trade fixtures have to be removed by the tenants whenever they stop renting. If any damage is caused to the structure by the removal of the trade fixture, the damage must either be repaid or repaired in according to the tenancy agreement.

Scarp Realty is a real estate agency. We provide access to a wide range of properties for sale within suburbs of Western Australia. Our website lets you search property listings globally, and includes a large inventory of luxury homes, new development, resort and hospitality, residential leasing and luxury vacation rentals.

Hills is a metropolitan city with a booming Real Estate market. As a real estate agent in Kalamunda, we serve many different properties, as well as villas, commercial properties, condominiums, houses and apartments. The big property market we serve in Kalamunda also extends to the surrounding area and offers great opportunities to find accommodation in the area Hills. Whatever kind of Hills Real Estate you want, you will definitely find your taste in Hills. Whether you plan to buy or rent, we are the best and reliable partner for Real Estate of all kinds in Hills.

Over the years we have gained an in depth knowledge of the infrastructure, traffic flow, shopping facilities, local service providers, schools, churches and general culture in Hills. We understand how stressful selling your home can be. That is why we are here to take the responsibility of looking after their clients most valuable asset very seriously.

If you're looking to buy property in Hills or even sell your house, then you're on the right path. Sit back and relax, kick off your shoes, and continue your house-hunting with no stress, right here on our website.