Personal Property

Personal property is movable property that is not permanently attached to land or buildings.

• Movable and not fixed to real estate
• Also called chattel
• Ownership transfers by bill of sale, not a deed
• Does not run with the land

• Furniture
• Appliances (freestanding)
• Vehicles
• Clothing
• Tools
• Curtains and rugs

• Personal Property
  • Movable
  • Not permanently attached
  • Transferred by bill of sale

• Real Property
  • Land and permanent improvements
  • Transferred by deed

• Items that were once personal property but became real property
• Determined using the MARIA test
  • Method of attachment
  • Adaptability
  • Relationship of the parties
  • Intention
  • Agreement

• If it can be removed without damage, it’s likely personal property
• Always check the purchase agreement for included items