Which type of property is specifically identified as not being real property?

Personal property is specifically identified as not being real property because it encompasses all movable items and assets that are not permanently attached to the land or structures. Real property, in contrast, refers to land and anything permanently affixed to it, such as buildings and fixtures. Personal property includes items like vehicles, furniture, equipment, and other possessions which can be transferred from one location to another without altering the nature of the land or buildings.

Investments in property, while they represent an ownership interest in real estate, do not change the classification of the property itself. Permanent fixtures are elements that transition personal property into real property when they are affixed to the land or a building, illustrating the distinction even further between what is considered real and personal property. Thus, personal property is distinctly categorized away from real property due to its inherent characteristics of being movable and not permanently attached.