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Simple English definitions for legal terms
chattel personal
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A quick definition of chattel personal:
Chattel personal refers to things that can be moved or transferred, like a toy or a patent. It's different from real property, which is land or buildings. Chattel personal can be divided into two types: personal and real. Personal chattel is something that belongs to a person, like a horse or a bow. Real chattel is something that depends on something else, like a lease on a piece of land. Chattel vegetable is a type of personal property that comes from plants, like fruit or timber. Local chattel is personal property that is attached to land, like a fixture. Unique chattel is something that is one-of-a-kind and can't be replaced.
A more thorough explanation:
Chattel personal refers to movable or transferable property that is not considered real property. This includes physical objects that can be delivered manually, as well as intangible rights such as patents.
For example, a horse or a bow would be considered personal chattel because they belong immediately to a person. On the other hand, a lease or rent for a term of years would be considered chattel real because it is an interest in real property that is less than a freehold or fee.
Another example of chattel personal is a unique chattel, which is a one-of-a-kind item that cannot be replaced. This could include a rare piece of artwork or a historic artifact.
Understanding the difference between chattel personal and real property is important in legal matters, as they are subject to different laws and regulations.