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What is the differences between real property and personal property?
Wiki User
∙ 8y ago
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.
Jolie Lind
Wiki User
∙ 15y agoReal property is land, anything attached to it and any rights that are appurtenant.
Personal property is anything you own other than real property and is divided into two categories: tangible and intangible.
- Tangible personal property is something you can touch and is movable such as your car, cash, clothes, iPod, phone, computer skis, etc.
- 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.
Wiki User
∙ 13y agoReal property is an estate in land, like your house, or your farm.
Personal property, also known as chattel, is everything else that you own. Your computer is personal property.
Wiki User
∙ 7y agoSee above.
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How do the differences between real and personal property affect small businesses?
business plans
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How is real property different from personal property?
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What is the difference between real estate and real property?
Real Estate and Real Property are one in the same. All "REAL" is Land & fixtures attached to the land. All other property would be considered...Personal.
If a fixture is permanently affixed to real property is it the personal property of the owner?
anything afixed to land is real property . personal property is that ,that is moveable such as a fridge or stove since they are pluged into a socket and are movable they are considered personal property .
What has to happen to make personal property real property?
Real property is land and anything attached to it that cannot be severed without injury to the land such as homes, garages and other buildings. Personal property is any movable or intangible thing that is subject to ownership and is not considered real property. Building materials stored on a building lot would be personal property. Once the house is built it becomes part of the real property. Fixtures in a building sit on the line between real and personal property. You can read more about that distinction at the link below.
Is a 1990 Ford Mustang real property or personal property?
Personal, real is limited to real estate only
What defines personal property?
Personal Property is property that is not real property nor property that is attached to the land.
Is a airplane considered real property or personal property?
An airplane is considered personal property.
