Real Property vs. Personal Property Flashcards
1
Q
What is real property?
A
Any part of the property, including the rights you have of the property.
2
Q
What is personal property?
A
Temporary or movable property.
3
Q
What is personal property also known as?
A
Personalty or chattel
4
Q
If personal property is being transferred along with real property, a ____ __ ____ accompanies the deed.
A
Bill of sale
5
Q
What is a fixture?
A
Personal property that has become attached to the land, so as to become real property.
