What is a common characteristic of personal property?

The correct answer highlights a fundamental characteristic of personal property: it is movable. Personal property is defined as items that are not fixed to a particular location and can be easily relocated. This includes objects such as furniture, vehicles, and equipment, distinguishing it from real property, which encompasses land and anything permanently attached to it. The ease of movement associated with personal property is what sets it apart from real property—an essential concept in property law.

In contrast, the other options do not accurately reflect the essence of personal property. Personal property does not have to be attached to real estate, so the notion of it being "always attached" is incorrect. Additionally, personal property does not inherently have a fixed location, as this applies more to real estate and land ownership, which are characterized by their immobility. Consequently, the inclusion of land ownership in personal property is misguided, as land and anything permanently affixed to it are classified as real property. The clarity on these distinctions solidifies the understanding that personal property is fundamentally movable.