Title: Differences between Personal Property and Real Property | Difference Between
Headings: Differences between Personal Property and Real Property
Differences between Personal Property and Real Property
What is Real Property?
What is Personal Property?
Personal Property: Chattels
Personal Property: Intangibles
Differences between Personal and Real Property
Summary of differences between Personal Property and Real Property
Georgina Nderitu
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Content: Differences between Personal Property and Real Property | Difference Between
Differences between Personal Property and Real Property
• Categorized under Business | Differences between Personal Property and Real Property
Property refers to anything that one can legally own. There are many types of properties but experts broadly categorize them as either real property or personal property. It is vital to understand these property categories so that you can comprehend and easily follow them whenever they are the topic of discussion especially by property attorneys. Each type of property is treated differently as far as the law is concerned. For instance, there are many different laws that specifically apply to personal property while others relate specifically to real estate. Knowing and understanding the types of properties can help you decide which rules apply to what property and which policies and procedures are accessible for property rights violations. This article will discuss both personal and real property in depth, as well as outline the differences between the two types of properties. What is Real Property? Real property is immovable property. It describes land and things, such as buildings, that are attached to that land, which is the reason why land is sometimes called real estate.