Which of the following best describes personal property?

Personal property is defined as movable assets that are not permanently attached to land or buildings. This encompasses a wide range of items, including furniture, vehicles, and equipment, which can be moved from one location to another without affecting the foundational integrity of real estate.

The distinction between personal property and real property (or real estate) is essential in various legal and financial contexts, such as transactions, taxation, and property rights. Understanding this category helps clarify ownership and liability associated with movable items in contrast to immovable assets.

In this context, other options pertain to different definitions of property. Permanent fixtures attached to land represent real estate, while improvements made to real estate involve construction or enhancements that add value to the land itself. A category of land use refers to how a particular tract of land is utilized, which does not apply to movable assets that define personal property.