What is chattel in real estate terms?

Chattel in real estate refers to tangible personal property, which includes items that can be moved and are not permanently attached to the land or buildings. This encompasses furniture, appliances, vehicles, and equipment. In contrast to real property, which consists of land and anything permanently affixed to it, chattel is movable and can be owned separately.

Understanding this distinction is fundamental in real estate transactions, where chattels may or may not be included in property sales. For instance, when a property is sold, it's crucial to clarify which chattel items, like appliances or fixtures, are included in the sale to avoid misunderstandings between buyers and sellers. This differentiation helps ensure that both parties have a clear understanding of what is being conveyed in the transaction.