Property Ownership
Which of the following correctly distinguishes real property from personal property in Florida?
APersonal property is always more valuable than real property
BReal property includes land and items permanently attached to it; personal property (personalty/chattel) is movable✓ Correct
CReal property can be moved; personal property cannot
DThere is no legal distinction between the two in Florida
Explanation
In Florida, real property consists of land and items permanently affixed to it (fixtures, structures). Personal property (personalty) is movable and not permanently attached.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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