Title: Difference Between Real and Personal Property - LAWS.com
Headings: Difference Between Real and Personal Property
Difference Between Real and Personal Property
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Content: Difference Between Real and Personal Property - LAWS.com
Home Real Property Difference Between Real and Personal Property
Real Property
Difference Between Real and Personal Property
Modified date: December 22, 2019
There are two classifications of property, real and personal. Personal property can be hidden, but real cannot. Real property consists of anything permanently attached to the property, examples being: a home, an attached garage, a shed or even a rose. The only way the shed would be considered real property is if it is bolted into the ground, otherwise you can consider it portable, which would make it personal property. The rose is real property until it is pulled out of its garden, in which case it makes the rose personal property. Anything that is immovable, represents real property, while the movable is personal property. Real property is not only what is on your land, but it also consists of what is below and above it. If you have oil in your backyard, by all means you have the right to dig and acquire that oil.