Personal (Movable) property - What are they? Characteristics, types, examples, and more

Movable property

Those goods can be moved from one place to another.

What is personal property?

Movable goods are all those goods that can be moved from one place to another, without losing quality or altering their nature. That is, they are those goods that are not attached to the ground.

The term movable property can be granted by law or by its very nature, for example, jewelry is considered movable property.

It is important to bear in mind that the legislation of each country can determine the goods considered as movable, taking into account the legal scope that intervenes.

For example, in civil law, movable property such as windows and doors that are attached to real estate is part of it. However, in criminal law, windows and doors are considered movable property, since they are susceptible to being stolen.

Characteristics of movable property

The main characteristics of movable property are the following:

• They can be moved from one place to another without affecting their integrity or altering their original characteristics.
• They can be tangible or intangible.
• Most of them are characterized by having a type of free and informal exchange, with the exception of certain cases, for example, that of a car that is considered movable property, but for its respective exchange it is necessary to apply a property registry.

Types of personal property

Movable property can be classified in the following ways:

• Self-moving movable property: correspond to property that has its own movement by nature, such as animals.
• Inanimate movable goods: correspond to goods that do not have a movement by nature and need an external force to be moved from one place to another, for example, a refrigerator, a bed, or a computer.
• Movable assets in advance: correspond to assets that by nature began as real estate, but that due to some factor or situation have become movable; for example, the fruits of a tree that are considered immovable until they are detached from it.

Examples of Movable Property

The following are examples of personal property:

• Chairs.
• TVs.
• computers.
• Livestock such as cows and horses.
• Refrigerators.
• Motorcycles.
• Automobiles.
• Cabinets.

 

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