Found 1 blog entry tagged as definitions.

When dealing with property from a legal point of view, you may come across two terms: real property and personal property. What do these mean exactly? Let's talk about each in more detail:

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Real Property

Real property refers to land, anything built on that land, growing on that land, and/or anything existing under the face of that land. Basically, real property refers to anything that is immovable. Examples:

  • Barns
  • Garages
  • Crops
  • Mineral Rights
  • Sheds
  • Buildings
  • Fences
  • Roads
  • Landscaping
  • Ponds
  • Pools

Personal Property

Personal property refers to tangible (physical) and intangible (non-physical) items not permanently affixed to the land. Basically, personal property refers to anything that is …

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