When a new furnace and central air conditioning are installed in a home, what is this type of personal property classified as?

The classification of a new furnace and central air conditioning system as a fixture is based on the concept of its attachment and association with the property. A fixture is defined as any personal property that has been permanently attached to real estate in such a way that it becomes part of that real estate.

In the case of a furnace and central air conditioning unit, these systems are typically installed in such a manner that they are integral to the functionality of the home. This means that they are not intended to be removed or taken along when the property is sold. As such, they enhance the value of the property and are considered to be a permanent addition, qualifying them as fixtures.

Additionally, fixtures differ from personal property like chattels, which can include movable items that are not affixed to the property. Since the furnace and air conditioning units are integral to the home’s infrastructure, they do not fall under the categories of trade fixtures or chattel fixtures which pertain to items that may be removed by a tenant or business for their operations. Thus, these systems fit the definition of fixtures perfectly.