Personal property, on the other hand, is everything else. It is any property that is not real property. The defining characteristic of personal property is its mobility; it can be moved. This category is incredibly broad and is typically divided into two sub-categories:

Tangible Personal Property: These are physical objects that you can touch and move. This includes everything from a car, a piece of furniture, and a book to a piece of jewelry and a boat. The rules for transferring ownership of tangible property are generally much simpler than for real property, often requiring nothing more than a simple bill of sale or even just a physical delivery of the item.

Intangible Personal Property: These are assets that have no physical form but still have value and can be legally owned. This category includes things like bank accounts, stocks and bonds, intellectual property (such as copyrights and patents), and digital assets. The ownership of intangible property is evidenced by a legal document, such as a stock certificate or a bank statement.