What does the term "chattel" refer to in property law?

In property law, "chattel" refers specifically to personal property that is movable. This includes items that are not fixed to the land and can be transported from one place to another, such as furniture, vehicles, and appliances. The distinction between chattel and real property is important in legal contexts, especially when determining ownership rights, taxation, and property transactions.

Immovable property refers to real estate, which is not categorized as chattel. Public property, by definition, pertains to land or buildings owned by government entities and does not fall under the definition of chattel either. Similarly, real estate holdings are considered real property, which contrasts with chattel as they are not movable.

Understanding the term "chattel" is crucial for anyone involved in real estate and property law, as it helps to categorize the types of property involved in legal agreements and transactions.