Movable and Immovable Property in Law

Movable and Immovable Property, Personal Property is property that is movable. In common law systems, personal property may also be called chattels or personalty. In Civil Law systems, personal property is often called movable property or movables – any property that can be moved from one location to another.

Immovable Property, in the sense used, commonly refers to real estate (such as your house, factory, manufacturing plant, etc.) while movable property refers to movable assets (such as your computer, jewellery, vehicles, etc.).

The Term “Immovable Property” occurs in various Central Acts. However none of those Acts conclusively define this term. The most important act which deals with immovable property is the Transfer of Property Act (T. P. Act).

Which is Movable Property?

Personal Property is generally considered a property that is movable, as opposed to real property or real estate. In civil law systems, personal property is called movable property — this is any property that can be moved from one location to another.

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