Property that is of a temporary and movable nature is known as what?

The term that defines property of a temporary and movable nature is personal property. Personal property encompasses items that are not permanently attached to or associated with real estate. This can include tangible items such as furniture, vehicles, and equipment, which can be easily moved from one location to another.

In contrast, real property refers to land and anything permanently attached to it, such as buildings or structures. Fixtures are items that were once personal property but have been attached to the land or building, thereby becoming part of the real property. Improvements refer to enhancements made to a property, such as landscaping or construction, which typically increase its value but are also considered a part of the real property, not temporary or movable.

Understanding the distinctions between these types of property is crucial in real estate, particularly when dealing with transactions, property assessments, and legal matters related to ownership and rights.