real:
1. Pertaining to land or real estate.
2. Pertaining to the corporeal rather than the incorporeal.
3. Not fictitious or imagined.
real chattel:
1. Interests in real estate less than freehold. EXAMPLE, a n estate for years; a leasehold. [1]
chattel real:
(16c)
1. A real-property interest that is less than a freehold or fee, such as a leasehold estate. * The most important chattel real is an estate for years in land, which is considered a chattel because it lacks the indefiniteness of time essential to real property. — aka real chattel. [2]
References:
Disclaimer: All material throughout this website is pertinent to people everywhere, and is being utilized in accordance with Fair Use.
[1]: Ballantine’s Law Dictionary Legal Assistant Edition
by Jack Ballantine (James Arthur 1871-1949). Doctored by Jack G. Handler, J.D. © 1994 Delmar by Thomson Learning. ISBN 0-8273-4874-6.
[2]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4
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