What is the different between real and personal property? Include examples
Immovable property is land. It defines property and everything related to it, including buildings, which is why land is sometimes termed real estate. When built into buildings on the land, steel, wood, and other construction elements become real property. Trees and other naturally growing plants are also real property. Vegetables and grains do not count as real property, though.
Personal property isn't attached to land like real estate. Personal property is anything else save the land and land-attached property.
The personal property comprises moveable things owned by someone. Personal property may be used to determine a person's net worth. Bank accounts, insurance policies, house furnishings, stocks, automobiles, yachts, collections, antiques, books, and pensions are examples of personal property. Farm animals are personal, not real property, like farm buildings. They're mobile.
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