Which type of property is classified as movable?

Movable property is classified as chattels. Chattels refer to personal belongings, which can include items such as furniture, vehicles, and equipment that can be physically moved from one location to another. Unlike real estate, which is fixed and immovable, or fixtures that are attached to the property and are typically considered part of the real estate, chattels maintain their status as separate, movable entities.

In contrast, real estate refers to land and anything permanently attached to it, while fixtures are items that were once personal property but have been permanently attached to the building or land, making them part of the real estate. Leasehold property pertains to the rights to use real estate under a lease agreement, which does not apply to the concept of mobility. Hence, chattels are distinct in that they can be easily transported, aligning perfectly with the definition of movable property.