What term is used to describe personal property in real estate?

The term "Chattels" is used to describe personal property in real estate. In the context of real estate, chattels refer specifically to movable items that are not permanently affixed to the land or structure, distinguishing them from real property, which includes land and anything permanently attached to it. Chattels can include items like furniture, appliances, and other personal belongings that can be easily transported.

Understanding this distinction is crucial in real estate transactions, as it determines what items are included in the sale of a property. For example, while a house is considered real property, the furniture inside it would be classified as chattels unless specified otherwise in the sale agreement. This classification becomes important during negotiations and in understanding buyer and seller rights regarding the included items in a property sale.