Anything that cannot be moved from one place to another is immovable. Property which are immovable can be:-
- Anything fastened or fixed in the land
There is a simple definition of immovable property which purports that immovable property is something erected, fastened or fixed with the land in such a way that it cannot be removed without consideration efforts and time.
Explanation 1:- A machinery is fixed in a building is a immovable property because it cannot be removed from the surface without consideration manual labour and time. However, a machinery may also contain some movable parts like cogs or buttons. In such case the parts which are movable will remain immovable property as long as they are attached to the machinery. When the movable parts are taken out of a fixed machinery, it becomes movable property.
Explanation 2:- In recent time, the money has been rendered digitally available via computers. A money which has been accounted for movable and tangible item has been rendered digital. A person can transfer the money from a small device like a computer. It is been known that the record of transaction is the only proof of money and such records are stored in super-computers which are in a remote distance from the place where transaction is been done. Also such super-computers are generally permanently attached to the buildings, which make them immovable property. Now, a money digitally stored inside such immovable super-computer can be wrongly considered as a immovable property as well. Though, the money is stored inside the computer, they are not the part of the computer system. Digital money is just some information which is temporarily stored inside the system and can be changed or moved at ease of fingertip. Such ease brought them under the category of movable property. The banks which operates via internet cannot ignore the inevitability of internet failure. For such failures, banks still operates via papers unless the transaction is completely paperless.
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