Venting installed by a landlord for the building's HVAC system is classified as?

Venting installed by a landlord for the building's HVAC system is classified as real property because it is a permanent part of the building. Real property includes improvements made to the property that are intended to remain, such as HVAC systems, plumbing, electrical wiring, and structural elements.

These improvements are integral to the functioning of the building and are typically not removable without causing damage to the structure, further solidifying their classification as real property. In contrast, personal property consists of movable items not permanently affixed to the land or buildings, while leasehold improvements pertain specifically to alterations made by a tenant to the rental property, highlighting a different ownership and intention. Chattel refers to personal property that is tangible and movable. Therefore, the proper classification of the venting system as real property aligns with its fixed nature and its role in the overall functionality and design of the building.