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To put it simply, real property is land, anything under the land, anything permanently attached to it, and the bundle of rights that are appurtenant to it. Personal property generally refers to everything else: the items which are movable and not a part of the land.

Personal property can be tangible or intangible. Tangible personal property is something you can touch and is movable. Intangible personal property is property that has no physical existence. Examples are: stocks, bonds, bank notes, trade secrets, patents, copyrights, professional reputation, goodwill, and trademarks. Some "untouchable" items may be represented by a certificate or license.

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โˆ™ 2014-10-11 15:00:49
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โˆ™ 2016-11-06 16:02:49

See above.

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Q: What is the difference between real property and personal property?
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How is real property different from personal property?

The difference between personal property and real property is that personal property can depreciate faster than improvement made on real property.


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