Legal Definitions - quasi-personalty

Quasi-personalty

Quasi-personalty refers to things that are fixed to real property, either actually or fictitiously, but are considered movable (personal property) by law. For example, property such as a fixture or lease for years, although immovable, is considered personal property.

Examples of quasi-personalty include:

• A chandelier that is attached to the ceiling of a house. Although it is fixed to the property, it is considered personal property because it can be removed and taken with the owner when they move.
• A lease for a commercial property. Although the property itself is immovable, the lease is considered personal property because it can be bought and sold separately from the property.

These examples illustrate how quasi-personalty can refer to things that are attached to real property but are still considered personal property by law.