What are chattels in real estate terminology?

Chattels refer to personal property that is movable and not considered a permanent part of the real estate. In the context of real estate transactions, chattels typically include items like furniture, appliances, and other personal items that are not affixed to the property. They are distinct from fixtures, which are items that have been attached to the property and are generally considered part of the real estate.

In real estate sales, it is important for buyers and sellers to clearly define what is included in the sale. Chattels are often excluded unless explicitly listed in the agreement. This distinction helps avoid misunderstandings regarding what the seller intends to leave behind once the property is sold.

Understanding the nature of chattels is crucial for both real estate professionals and clients, as it impacts the overall value and appeal of a property. Knowing that these are personal property items that are not typically included helps clarify the expectations of both parties in a transaction.