The main difference between personal property and real property is that real property is property that is fixed to a specific location this includes land and anything that is built onto it and does include anything that is growing on the land. Personal property is anything you own other than land and buildings land and buildings are called real property or real estate you can own tangible personal property and intangible personal property.
Real property cannot be hidden, but personal property can be hidden summary of differences between personal property and real property property can be categorized as real or personal real property comprises of anything that is attached permanently to land such a home, a garage, shed or even a rose flower.
Here are the major differences between personal and real property real property is immovable and is permanently attached to the land including a house, walls, blinds, windows, fixtures, doors, and more.
Intellectual “property” (ip) is a sleeper issue it seems uncontroversial: someone invents or writes something and therefore owns it what could be plainer but ip contains the power to destroy liberty. What is the difference between real and personal property study guide by clugo95 includes 2 questions covering vocabulary, terms and more quizlet flashcards, activities and games help you improve your grades.
The key difference between personal property and real property is that real property is fixed permanently to one location this includes land and anything that is built on the land it also includes anything that's growing on the land or that exists under the face of the land. 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. Like personal property and real property, ip is owned by someone or some people and the owner of ip has the right and the power to decide when, where or how to use it it can be lent to someone else, pawned, sold, have it rented or bequeathed the different kinds of intellectual property will be tackled in the next issue of the living letter.
The legal definition of personal property is “anything besides land that may be subject to ownership” thus, the main characteristic of personal property is that it is movable, unlike real property or real estate there are two basic types of personal property: tangible and intangible.
Tangible personal property includes fixtures attached to real estate if those fixtures can be removed without damaging or changing land and buildings intangible property intangible personal property consists of nonmaterial things such as copyrights, patents, computer software, franchises, bank accounts, stocks, bonds, trademarks, brand names.