What is Chattel?

Chattel is a term used in the real estate world to refer to personal property. In a residential transaction, the purchaser is buying the real estated or everything nailed down to the property. If it is not nailed down, it is assumed to go with the seller. A refrigerator that is not nailed down is assumed to be the property of the owner and will go out the door with the seller. It is considered chattel. Unless there is a written agreement to the contrary, the refrigerator will go with the seller.

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