Chattel

Chattel meaning

Chattel is the name given in law to personal property. A object that a person may hold in physical form; an asset that is tangible and can be moved about (for example, a piece of jewellery, a painting or a car and, in some contexts, goods, equipment or machinery). To differentiate them from choses in action, "choses in possession" is a term that is sometimes used to refer to chattels.

Example of Chattels

A chattel is a movable item of personal property that is not attached to or part of real property. Chattels can include furniture, cars, household appliances, and other personal items. Unlike real property, chattels can be bought and sold without transferring ownership of the land or building where they are located. In addition, chattels can be distinguished from fixtures, which are objects that are attached to the land or building and are considered to be part of the real property. The distinction between chattels and fixtures is important in determining ownership, sale, and transfer of property rights, and is often a subject of dispute in legal cases.

Chattel real

Chattel real is a legal term used to define a specific type of personal property that is directly related to real estate or land. Simply put, it is movable personal property that is associated with a piece of land rather than a person. Examples of chattel real include fixtures such as appliances, carpeting, and lighting fixtures. These items are considered part of the real estate property and are sold along with the land. Chattel real is an important concept in real estate law, as it can affect property ownership and sales transactions.

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