Personal property

Property that is movable, in contrast to land and buildings. A contract for real property should describe the furniture, fixtures, and items of personal property included in the sale. Although fixtures are typically included with the sale of the real property to which they are affixed, other items of personal property may not be included. By expressly stating the items included in the contract, the chance of an important piece of property being included for sale is eliminated. In the case of large commercial properties, the personal property can range from tractors and snow removal equipment to stoves, refrigerators, and dishwashers in apartments.