Almost every piece of property falls into one of two categories: real or personal.
What is the difference between real property and personal property?
Real property is generally deemed as buildings, improvements, fixtures, and the rights or privileges associated with the land. While, personal property consists of all goods, wares, merchandise, chattels (i.e., tangible movable property, such as tanks, overhead cranes, or furniture), and effects that have marketable value and are not included in real property.
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