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.

— Also termed real chattel. [Cases: Property 4. C.J.S. Property §§ 14–21, 23.]

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双语律师Akira，国际知名法学院法律专业，擅长翻译各类与地产开发相关的法律文件。