Real Property

I know you would be thinking, what’s the difference between real estate and real property? Yes, they both sound very similar, and the two concepts have a lot to do with each other, but there are subtle differences between them.
Having a proper understanding of these differences can help understand the nuances of the land or estates you own and how you own it.

KEY TAKEAWAYS
- Real Estate is defined as the land and any permanent structures, like a home, or improvements attached to the land, whether natural or
man-made.
- Real Property may be classified according to general use as residential, commercial, agriculture, industrial and special purpose.
- Difference between Real property and personal property

What Real Property is?

Real property can be defined as a parcel of land and everything that is permanently attached to the land. The owner of real property has all of the rights of ownership, including the responsibility to possess, sell, lease, and enjoy the land.

Understanding what Real Property is
To have a proper understanding of what Real property is, we need to first understand the definition of land and real estate

What is Land?

The land is the surface of the earth's crust, which extend down to the center of the earth and upward to beyond the sky human being can see. This includes everything that is permanently attached by nature, such as trees, air, and water
The land also includes mineral resources below the earth's crust, which are normally extracted for processing by engineers for different purposes.

What is Real estate?

Real estate is defined as the land and any permanent structures, like a home, or improvements attached to the land, whether natural or man-made. Including everything that’s permanently attached to it whether natural or artificial.

Real Property

Real estate is a broader term than real estate, as it encompasses the interests, benefits, and rights inherent in the ownership of the real estate.
The broader term real property includes the physical land (the surface that lies below and above it), everything that is permanently attached to it – whether natural or artificial – plus all the rights of ownership, including the right to possess, sell, lease, and enjoy the land...

Visit https://redocint.com/what-is-real-property/ to fully understand the difference and the opportunities you're missing out on.

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