Title: Distinguish between Real Property and Personal Property - dummies
Headings: Distinguish between Real Property and Personal Property
Distinguish between Real Property and Personal Property
Real property: Land and buildings
Personal property
Personal property: Chattels
Personal property: Intangibles
Property rights: Things that can’t be owned
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Content: Distinguish between Real Property and Personal Property - dummies
Education
Law
Distinguish between Real Property and Personal Property
Distinguish between Real Property and Personal Property
In this article
By Alan R. Romero
Anything that can be legally owned may be called property. All property can be grouped into two main categories: real property and personal property. Personal property can be further classified as chattels and intangibles. One reason to know these categories is simply to understand what other property lawyers are talking about. Of course, knowing the categories can also help you decide which rules should apply to a particular item of property and which remedies are available for violations of property rights. State statutes may define different categories of property for different purposes. So whenever the categorization of property makes a difference in legal rights or remedies, you should first search for relevant statutory definitions. Real property: Land and buildings
Real property describes land and things that are attached to the land, which is why land is sometimes called real estate or realty.