What is the definition of "personal property" in real estate terms?

In real estate terms, personal property refers to movable items that are not permanently attached to real estate. This includes items like furniture, vehicles, and appliances that can be removed from a location without causing damage to the property itself. The distinguishing factor is that personal property is not affixed to the land; it can be transported and is not considered a part of the real estate.

The concept of personal property is essential for understanding property transactions, as it helps delineate between what is classified as real property—which is land and anything permanently attached to it, such as buildings—and what is classified as personal property. In real estate transactions, it's crucial to note what is included in the sale, as sellers and buyers might have different expectations regarding personal property items.