In the widest sense, chattel refers to any objects connected to a property that could be removed without injury to that property.
The term chattel real is used for describing a situation in which a property or land is held for a certain amount of time though a lease contract.
Basically, if an object is removable without damaging the property, it is considered chattel (for instance: furniture, electrical equipment, curtains and drapes, carpets etc.); fixtures usually include things like air conditioning, solar panels, fences, blinds etc.
Given these differences, usually chattels are excluded from a property’s purchase price, while fixtures are included, unless the terms of the contract state otherwise.
|Power of attorney|
|Real Estate Agent|
|Statute of Limitations|