Which of the following best describes a chattel?

A chattel is best described as any movable, non-attached asset. In the context of real estate, chattels refer to personal property that is not permanently affixed to the land or a structure. This includes items such as furniture, appliances, and vehicles that can be moved from one location to another without causing damage to real property.

This distinction is significant in real estate transactions as chattels are typically not included in the sale of real property unless expressly stated. Chattels differ from real property, which consists of land and anything permanently attached to it, like buildings or trees. Understanding the difference between chattels and real property is essential for both buyers and sellers to ensure clarity in transactions and agreements.