Real Estate Property

A Real Estate Property is a property composed of legal land (including natural resource and land improvements)

• AKA: Immovable Property, Real Property.
• Context:
  • It can (typically) be associated to Real Estate Contracts.
  • It can (often) be levied an Annual Real-Estate Property Tax.
  • …
• Example(s):
  • Residential Property.
  • Commercial Property.
  • ...
• Counter-Example(s):
  • Personal Property.
• See: Real Estate Transaction, Property, Civil Law (Legal System), Estate Agent.

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References

2016

• (City Council of Barnstable, 2016b) ⇒ Town of Barnstable. (2016). “Town of Barnstable Adopted Operating Budget - 2017."
  • QUOTE: Real property: Land, buildings and the rights and benefits inherent in owning them.

2015

• (Wikipedia, 2015) ⇒ http://en.wikipedia.org/wiki/real_property Retrieved:2015-12-7.
  • In English common law, real property, real estate, realty, or immovable property is any subset of land that has been legally defined and the improvements to it have been made by human efforts: buildings, machinery, wells, dams, ponds, mines, canals, roads, etc. Real property and personal property are the two main subunits of property in English common law.

    In countries with personal ownership of real property, civil law protects the status of real property in real-estate markets, where estate agents work in the market of buying and selling real estate. Scottish civil law calls real property "heritable property", and in French-based law, it is called immobilier ("immovable property").

2014

• (Wikipedia, 2014) ⇒ http://en.wikipedia.org/wiki/real_estate Retrieved:2014-11-7.
  • Real estate is "property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; (also) an item of real property; (more generally) buildings or housing in general. Also: the business of real estate; the profession of buying, selling, or renting land, buildings or housing."

    It is a legal term used in jurisdictions such as the United States, United Kingdom, Canada, Nigeria, Australia, and New Zealand.

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