Alberta Real Estate Licensing Exam Practice · Question
Which of the following is considered real property in Alberta?
Real property generally includes land and anything permanently attached to it. While a lease is typically a contract, an oil well site lease grants rights to la
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Question: Which of the following is considered real property in Alberta?
Answer options:
- A farmer's harvested grain stored in a silo on their land.
- Trade fixtures installed by a tenant in a commercial lease for their business operations. ✅ An oil well site lease registered under the Land Titles Act.
- A mobile home that is not affixed to a permanent foundation and is easily transportable.
Correct answer: An oil well site lease registered under the Land Titles Act.
Explanation: Real property generally includes land and anything permanently attached to it. While a lease is typically a contract, an oil well site lease grants rights to land and is typically registered on title, making it an interest in real property. Harvested grain, trade fixtures for removal at end of tenancy, and easily transportable mobile homes are generally considered personal property (chattels) unless specifically affixed or intended to be part of the land.
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