Introduction to the Law of Real Propertyland, such as homes, office buildings, and trees. Personal property is sometimes referred to as chattels or goods. Personal property has its own set of legal rules and regulations, which govern the ownership of property, the ability to sell property, and the ability to pledge property to secure a debt.
Personal property may include living objects, such as animals, andor inanimate objects, such as a television. Property can be either tangible or intangible. Tangible personal property is property that has a physical substance something you can hold, taste, see, hear, etc.