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Real Property or Personal Property

How does the state of New Hampshire define real property?
How does they define personal property?
Does a mobile home owned by a client qualify as real property or personal property for each state? What difference to the client would it be if it were classified as either?

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The distinction between real property and personal property is defined under federal law. States do not have the authority to alter the standards as set forth in federal law. Real property is defined as the land owned by a person or entity and all structures attached to the land. Personal property is also defined under federal law and it is defined as the property that is owned by an individual or an entity that is not permanently attached to the land. Oftentimes, the most difficult determination under federal law is the distinction of what personal property is and what real property is. When we go to the county auditor's website for any state, we see that the majority of states have real property records online for the public to search. In each state, this is called a "real property search" because the distinction of what constitutes real property and what constitutes personal property does not differ from state to state.

In an easier explanation, we can determine real property to consist of the land and the permanent structures on that land, like buildings, barns, and additions that are ...

Solution Summary

How does the state of New Hampshire define real property?
How does they define personal property?
Does a mobile home owned by a client qualify as real property or personal property for each state? What difference to the client would it be if it were classified as either

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