Saturday, July 25, 2015

What is the proper real-estate definition of 'Severed' or 'Severance'?

What is the proper real-estate definition of 'Severed' or 'Severance'?


Severed or Severance is the separation process of 'Personal Property' from a real-estate property. In other words making something that used to be treated as 'Real Property' back to 'Personal Property'.

Severance is the opposite of 'Annexation'

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