Which term describes a personal property interest in real property?

The term that describes a personal property interest in real property is "Chattel or Chattel Real." This term is used in real estate to refer to personal property that is associated with real property, but is not considered part of the real property itself. Chattel refers to movable personal property, such as furniture or appliances, while chattel real specifically refers to interests in real property that can be considered personal property, like a leasehold interest.

In the context of real estate, understanding the distinction between real property and personal property is essential. Real property includes land and anything permanently attached to it, while personal property encompasses movable items. Chattel or chattel real illustrates this relationship, indicating that, although these interests may be tied to real estate, they retain their classification as personal property.

The other terms provided do not capture this specific definition. Trade fixtures refer specifically to items installed by a tenant for business purposes and are considered personal property. Renter's interest typically describes a tenant's legal rights under a lease but does not encompass the broader category of personal property interests in real property. A property easement is a right granted to use another's land for a specific purpose, which is a different concept altogether and does not refer to personal property interests.