Site & ownership
Personal property (chattel)
A home treated as movable property, usually when it sits on rented land or has not been affixed to a foundation. Chattel loans are typically shorter and higher-rate than mortgages.
Also called: Chattel
More in Site & ownership
- Real property
- Land-lease community
- Manufactured home loan
- Property tax (manufactured home)
- Lot rent
- Setbacks
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