What distinguishes "personal property" from "real property"?

Personal property is distinguished from real property primarily by its mobility. Personal property encompasses items that can be physically moved from one location to another, such as furniture, vehicles, and equipment. Conversely, real property refers to land and anything permanently attached to it, like buildings and structures, which are immovable by nature.

The nature of personal property being movable is central to understanding property classifications in legal and real estate contexts. This mobility aspect differentiates it distinctly from real estate holdings and influences various legal implications, such as tax assessments and ownership rights. Recognizing personal property as movable helps to clarify how property rights are applied differently to these two types of assets.