What are chattels in real estate?

Chattels are items of personal property that can be moved from one location to another. They are distinct from real property, which refers to land and any permanent fixtures attached to it. Some examples of chattels in real estate include appliances, furniture, or even prefabricated homes that have not been permanently affixed to land.

What is a chattel mortgage example?

Common examples include mobile homes, furniture, and automobiles. This article explains what chattel is and how it is used as security in chattel mortgages . Chattel is a term for movable personal property, such as a mobile home, car, or houseboat.

How are chattels different from real property?

In the case of chattels, these rights are different from those associated with real property. While real property rights deal with land and structures permanently attached to it, ownership of chattels involves rights to possess, use, sell, or transfer these movable goods.