chattel real

chattel real

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.

¡ª Also termed real chattel. [Cases: Property 4. C.J.S. Property ¡ì¡ì 14¨C21, 23.]


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Carl, Chinese legal translator, specializes in translating legal documents pertaining to complex business disputes.