In real estate, what term is used to describe chattel?

Chattel refers specifically to personal property, which includes movable items that are not fixed to land or buildings. This contrasts with real property, which encompasses land and anything permanently attached to it, such as structures and fixtures.

Understanding that chattel is classified as personal property helps clarify its distinction from real estate fundamentals. Personal property can include items like furniture, vehicles, and equipment, which are not permanently affixed to one location. Therefore, the correct identification of chattel as personal property reflects a fundamental concept in real estate terminology that differentiates between the different types of assets and their legal implications.