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What are the definitions of personal property and real property?

Answer:

Real property is land, anything attached to it and any rights that are appurtenant.

Personal property is anything you own other than real property and is divided into two categories: tangible and intangible.

Tangible personal property is something you can touch and is movable such as your car, cash, clothes, iPod, phone, computer skis, etc.
Intangible personal property is property that has no physical existence. Examples are: stocks, bonds, bank notes, trade secrets, patents, copyrights, professional reputation, goodwill and trademarks. Some "untouchable" items may be represented by a certificate or license.

First answer by Kluss. Last edit by Kluss. Contributor trust: 698 [recommend contributor ]. Question popularity: 2 [recommend question].

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