What is the distinction between real property and personal property?

Real property and personal property are two types of property rights in Washington. Real property refers to land and anything attached to it, such as buildings and other structures, while personal property includes things that people possess, such as cars, furniture, and clothing. Real property is protected by real estate laws, while personal property is protected by contract and tort law. Real property is transferred between parties through deeds, while personal property is transferred through contracts and other documents. Real property is subject to taxation, while personal property is usually not. Real property is typically classified as either real estate or land. Real estate typically refers to residential property, such as homes, townhouses, and condominiums, and land usually refers to agricultural property, such as farms and ranches. Real property is permanent and does not generally depreciate in value over time, unlike personal property. Personal property is also referred to as chattels, and can include objects such as cars, boats, furniture, artwork, jewelry, and other movable items. It can also include intangible items, such as stocks and bonds, copyrights, and patents. Personal property is subject to state laws governing contracts and torts. Overall, real property and personal property are distinct legal rights in Washington. Real property includes land and anything attached to it, while personal property includes tangible and intangible items that people possess. Real property is transferred through deeds and is subject to taxation, while personal property is transferred through contracts and is not typically subject to taxation.

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What is the distinction between real property and personal property?

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