Real property is land, and anything permanently attached to it, including:
The land – includes the ground, everything attached to it above and below the surface (buildings, minerals) and naturally occurring elements like trees and crops.
Structures – homes, offices, factories, buildings, and any other permanent structures affixed to the land.
Fixtures – objects that are permanently attached to the land, such as built-in cabinets, plumbing, light fixtures.
Personal property is essentially everything that is not real property, including:
Tangible assets – physical objects you can touch and move such as clothes, vehicles, furniture, appliances, electronics, jewellery, pets, consumables (i.e. food, office supplies).
Intangible assets – non-physical assets with monetary value such as intellectual property (i.e. patents, copyrights, trademarks), financial instruments (i.e. stocks, bonds), contractual rights (i.e. leases, licences, royalties), goodwill (i.e. the reputation and value associated with a business).