Personal property

The personal property ( personal property ) is a type of Propriété inherited the Roman law which one finds today in the system of English right called of Common law but which does not correspond to any classifications Frenchwoman.

The personal property approximately carries on movable goods tangible or not, and is distinguished from the “real property” ( real property ) which relates to the real estate. In Roman right , the personal property is called personal estate (any thing which can be moved of a place with another). This term makes it possible to distinguish it from the real goods ( real property ), like the grounds and the buildings.

This distinction between these types of properties is significant in more than one way. Usually, the rights on the movable goods are attenuated than those on the real goods. The regulations are generally shorter when pieces of furniture are treated.

The rights on real goods can be asserted much longer, and in the majority of the national rights, the property rights real are recorded in a land register or another register held by a public authority. It happens that in certain national rights, the rights on the personal or movable property can also be recorded.

The personal property can have as a plate a sum of Argent, a Bill of exchange, Sûreté S, goods etc
En Common law , it is possible to place a Hypothèque ( mortgage ) on the real property. Such a mortgage guarantees the payment of ladette, and sanctions its defect by a seizure which can be committed on the initiative of the recipient of the mortgage (which is the owner). The personal property can in the same way be protected by various means: the Pledge, the Trust or the Security interest .

The real property can be used as plate with a tax on the property.

See too

Private property

Simple: Personal property

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