Definition, Meaning & Synonyms

chattel-real

noun

/ˈʃætəl ˈrɪəl/

Definition

A type of property that is considered to be personal property but has some characteristics of real property.

Examples

The lease on the apartment qualifies as chattel-real since it gives the tenant certain rights to the property for a specified duration.
In some cases, chattel-real can influence taxation and ownership rights during property disputes.

Meaning

Chattel-real typically refers to a legal term used to describe certain interests in land that are considered personal property, such as a leasehold or a rental agreement. Unlike real property, which involves ownership of the land and permanent structures on it, chattel-real pertains to rights or interests that are temporary.