Difference Between Real Property, Personal Property, And Intellectual Property

This week, we looked at different types of property. From a legal perspective, rights and responsibilities differ greatly depending on the property classification.

In your own words, explain the difference between real property, personal property, and intellectual property. Provide an example of each.

Then, consider this question regarding limitations on property use.

Many condominium associations have regulations against any holiday decorations, flags and decorative figures being placed on the property or outside structure of the home.  Some even prohibit young children from residing in the units (adult living communities). Should this be permitted even though you are considered the legal owner of the unit? Why or why not?

I look forward to reviewing your posts!

Please make sure of the following:

You properly cite the e-text or a valid source.

Address each question in your initial post.