What is the difference between real property and personal property?

Real property and personal property are two distinct types of property in the legal sense. Here's how they differ:

1. Real Property: This refers to land and anything that is permanently attached to it. This includes houses, buildings, and even the rights and interests associated with the property. Real property is immovable, which distinguishes it from personal property.

2. Personal Property: This refers to all property that is not real property. Personal property is movable and can be divided into two categories: tangible and intangible. Tangible personal property includes physical objects, such as furniture, jewelry, and cars. Intangible personal property includes non-physical items, such as stocks, bonds, patents, and copyrights.

In summary, the main difference between real property and personal property lies in their nature; real property is immovable and includes land and structures, while personal property is movable and includes both physical and non-physical items.