Building Condition Assessment and Documentation Part I

There has been some confusion and miscommunication over how to classify portable buildings – real or personal property?
Generally real property is defined as "Any interest in land, together with the improvements, structures, and fixtures, including prefabricated movable structures such as Butler-type storage warehouses and quonset huts, and house trailers with or without undercarriages, and appurtenances thereto, under the control of any Federal agency"
When designated by the agency for disposition separate from the land which underlies them, portable buildings convert from real to personal property
Portable buildings may require condition assessments to inform their value whether they are considered to be real or personal property
Portable buildings which are real property must be input into I-web and be maintained with appropriate maintenance funds
Once they become identified for disposition and become personal property they should no longer be assessed maintenance fees.