Which definition best describes the term "severance"?

The term "severance" best describes the process by which real property becomes personal property. This occurs when something that is attached to the land or considered part of the real estate is removed, thereby converting it into personal property. For instance, if a homeowner detaches a tree or any other fixture from their land, that item is severed from the real estate, making it personal property instead.

In real estate, understanding severance is important because it can affect ownership rights, taxes, and the value of both personal and real property. When something is severed, it means that the ownership and legal status of that item have changed, which can have implications for transactions, estate planning, and property management.