In the United States housing co-ops can be set up in various ways. Some co-ops are managed by a trust with the trust holding title to the property and some co-ops are set up as a corporation with the corporation holding title to the property. Residents are shareholders and specific units are leased with cost based on the size of the unit. As shareholders the shares are considered personal property.
As for the entity that owns the building and the real estate upon which it stands, such as a trust or corporation, the property on which the coop is located is real property.
The difference between personal property and real property is that personal property can depreciate faster than improvement made on real property.
Personal Property
Real Property
anything afixed to land is real property . personal property is that ,that is moveable such as a fridge or stove since they are pluged into a socket and are movable they are considered personal property .
Personal, real is limited to real estate only
Personal Property is property that is not real property nor property that is attached to the land.
An airplane is considered personal property.
Real property or personal property?
A person's real property and personal propertymakes up what we call their estate.
Related personal property, and if it's indeed permanently affixed to the realty it becomes part of the real property interest.
Real property cannot become personal property except in very particular situations. See related question link below.
No, land is Real Property.