{"id":1100,"date":"2014-06-09T09:00:25","date_gmt":"2014-06-09T09:00:25","guid":{"rendered":"http:\/\/www.settlesteam.com\/blogspot\/?p=1100"},"modified":"2016-06-16T17:24:26","modified_gmt":"2016-06-16T17:24:26","slug":"what-is-the-difference-between-real-property-and-personal-property","status":"publish","type":"post","link":"https:\/\/www.settlesteam.com\/blogspot\/2014\/06\/09\/what-is-the-difference-between-real-property-and-personal-property\/","title":{"rendered":"WHAT IS THE DIFFERENCE BETWEEN REAL PROPERTY AND PERSONAL PROPERTY?"},"content":{"rendered":"<p><script>\n  (function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){\n  (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o),\n  m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m)\n  })(window,document,'script','\/\/www.google-analytics.com\/analytics.js','ga');<\/p>\n<p>  ga('create', 'UA-52007426-1', 'settlesteam.com');\n  ga('send', 'pageview');<\/p>\n<p><\/script><br \/>\nThere sometimes is confusion between the terms real property and personal property. Especially when it comes to real estate. The legal definition for real property, taken from <span style=\"color: #993300;\"><a href=\"http:\/\/www.thefreedictionary.com\/\"><span style=\"color: #993300;\">The Free Dictionary By Farlex<\/span><\/a> <\/span>is:<\/p>\n<p><em>1) all land, structures, <strong>firmly attached and integrated equipment<\/strong> (such as light fixtures or a well pump), and anything growing on the land&#8230;<\/em><\/p>\n<p>Let me give an example:<\/p>\n<p>Modular Homes<\/p>\n<p>When a modular home is placed on a foundation and the wheels have not been removed from its frame it is still considered personal property.<\/p>\n<p>On the other hand when a modular home is placed on a foundation, permanently fastened to that foundation, and the wheels are removed, the modular home becomes real estate.<\/p>\n<p>Confused?<\/p>\n<p>Here is anoth<img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-1103 size-medium\" src=\"http:\/\/www.settlesteam.com\/blogspot\/wp-content\/uploads\/sites\/4\/2014\/06\/frames-300x244.jpg\" alt=\"Frames of rooster placed above the fireplace\" width=\"300\" height=\"244\" srcset=\"https:\/\/www.settlesteam.com\/blogspot\/wp-content\/uploads\/sites\/4\/2014\/06\/frames-300x244.jpg 300w, https:\/\/www.settlesteam.com\/blogspot\/wp-content\/uploads\/sites\/4\/2014\/06\/frames-1024x834.jpg 1024w, https:\/\/www.settlesteam.com\/blogspot\/wp-content\/uploads\/sites\/4\/2014\/06\/frames.jpg 1256w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>er example.<\/p>\n<p>A picture you hang on the wall with a nail and you hang the picture on the nail, the nail becomes real estate and the picture is personal property.<\/p>\n<p>When you screw the picture directly onto the wall, like some restaurants do to make sure the pictures are not getting stolen, the picture now becomes real estate.<\/p>\n<p>As a seller you need to keep in mind and understand the difference between real property and personal property especially when you are planning on selling your home and you would like to keep certain items such as light fixtures or shelving for example.<\/p>\n<p>Anything that is permanently fixed to the land, or permanently fixed to the structure on the land, is real property. Everything else, not permanently attached to the land or structure, is personal property.<\/p>\n<p>When you have questions feel free to<span style=\"color: #993300;\"> <a title=\"Contact Us.\" href=\"http:\/\/www.settlesteam.com\/contact-us\/\"><span style=\"color: #993300;\">contact the Settles Team<\/span><\/a>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There sometimes is confusion between the terms real property and personal property. Especially when it comes to real estate. The legal definition for real property, taken from The Free Dictionary By Farlex is: 1) all land, structures, firmly attached and integrated equipment (such as light fixtures or a well pump), and anything growing on the &hellip; <a href=\"https:\/\/www.settlesteam.com\/blogspot\/2014\/06\/09\/what-is-the-difference-between-real-property-and-personal-property\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">WHAT IS THE DIFFERENCE BETWEEN REAL PROPERTY AND PERSONAL PROPERTY?<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":1103,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,4,5,7,9,11,13,14],"tags":[48,49,15,16],"class_list":["post-1100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying","category-commitment","category-communication","category-education","category-inspiration","category-planning","category-selling","category-team-work","category-tips","tag-communication","tag-inspiration","tag-renting","tag-roommate"],"_links":{"self":[{"href":"https:\/\/www.settlesteam.com\/blogspot\/wp-json\/wp\/v2\/posts\/1100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.settlesteam.com\/blogspot\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.settlesteam.com\/blogspot\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.settlesteam.com\/blogspot\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.settlesteam.com\/blogspot\/wp-json\/wp\/v2\/comments?post=1100"}],"version-history":[{"count":3,"href":"https:\/\/www.settlesteam.com\/blogspot\/wp-json\/wp\/v2\/posts\/1100\/revisions"}],"predecessor-version":[{"id":1150,"href":"https:\/\/www.settlesteam.com\/blogspot\/wp-json\/wp\/v2\/posts\/1100\/revisions\/1150"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.settlesteam.com\/blogspot\/wp-json\/wp\/v2\/media\/1103"}],"wp:attachment":[{"href":"https:\/\/www.settlesteam.com\/blogspot\/wp-json\/wp\/v2\/media?parent=1100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.settlesteam.com\/blogspot\/wp-json\/wp\/v2\/categories?post=1100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.settlesteam.com\/blogspot\/wp-json\/wp\/v2\/tags?post=1100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}