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Personal property

Personal property includes all movable and tangible things that are not real property—such as money, goods, furniture, motor vehicles, animals, stocks, bonds, patents, copyrights, merchandise, and personal annuities.

In North Carolina, personal property is defined as any property that is not real property, which means it includes movable items that can be owned by an individual or a business. This encompasses a wide range of items such as money, goods, furniture, motor vehicles, animals, and intellectual property rights like stocks, bonds, patents, and copyrights. Personal property is subject to different regulations and tax treatments compared to real property (land and buildings). For instance, personal property is taxed based on its current market value and owners are required to list personal property annually with the county assessor's office for tax purposes. Additionally, the transfer, sale, and inheritance of personal property are governed by specific state statutes that outline the legal processes and potential taxes or fees involved.

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consumer goods

express warranties in leases of goods express warranties in sales of goods

implied warranties in leases of goods implied warranty in repairs

repossession of property

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Personal property

Individual & Family Legal Plan

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North-Carolina State Code

Personal property

North-Carolina State Code

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