Real property includes things like your home and the land on which it lies, while personal property includes moveable goods.
Your car, clothes, and most of your personal possessions are personal property.
Real property is not covered under the Uniform Commercial Code, or UCC, which refers only to consumer goods.
Is a house considered real property?
Personal property is movable property. It’s anything that can be subject to ownership, except land. Real property is immovable property – it’s land and anything attached to the land. Normally, a piece of property can be easily classified as either personal property or real property.
What qualifies as real property?
The legal definition of real property is land, and anything growing on, affixed to, or built upon land. This also includes man-made buildings as well as crops. Real property is best characterized as property that doesn’t move, or that is attached to the land.
What is considered real property for tax purposes?
Real property, in general, is land and anything permanently affixed to land (e.g. wells or buildings). Structures such as homes, apartments, offices, and commercial buildings (and the land to which they are attached) are typical examples of real property.