How is a fixture defined under Georgia law?

Under Georgia law, a fixture is defined as personal property that is intended to become a permanent part of the real estate. This means that when something is classified as a fixture, it has been affixed to the property in such a way that it is meant to be a lasting improvement, typically intended to enhance the functionality or value of the real estate. The intention behind the attachment is crucial, as this distinguishes fixtures from mere personal property or temporary items.

The significance of this definition lies in how fixtures are treated in secured transactions. For the purposes of securing interests in property, a lender must consider whether collateral includes fixtures, as they may be subject to different rules and priority in the case of foreclosure or bankruptcy. Thus, understanding the nature of fixtures is vital for those involved in real estate transactions and secured lending in Georgia.