Chattels refer to personal property or movable assets that do not fall under the category of ‘real property.’
Chattels refer to personal property or movable assets that do not fall under the category of ‘real property.’ These commonly include tangible personal items that can be physically moved or owned, such as furniture and appliances.
Some examples of chattels include:
These items are considered chattels because they can be easily moved and are not considered part of the permanent structure of a property.
The main difference between chattels and fixtures in real estate is their attachment to the property. Chattels are movable, personal items that are not permanently affixed to the structure of a building or land. They can be easily removed without causing damage to the property.
On the other hand, fixtures are items that are permanently attached to the structure and are considered part of the real property. These can include built-in cabinets and appliances. Attempting to remove fixtures may result in damage to the property.
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