What do chattels real refer to?

Chattels real specifically refer to interests in real property that are not ownership of the land itself but are closely associated with it. This includes legal documents like leases, mortgages, and contracts that provide rights or claims concerning the use or benefit of real estate.

Leases allow a tenant to occupy a property for a specified period, while mortgages are loans secured by the property itself, granting the lender certain rights if the borrower defaults. Contracts relating to real property may outline terms of sale, obligations of parties, or use of the property.

This term typically contrasts with "chattels personal," which refers to movable personal items like furniture or vehicles. Thus, understanding that chattels real are tied to interests in real property helps clarify their distinct role in property law and how they differ from other asset types such as stocks, bonds, or general personal property.