Real Property

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 made by human efforts: any 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 licensed agents, realtors, 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.

Read more about Real Property:  Identification of Real Property, Estates and Ownership Interests Defined, Jurisdictional Peculiarities, Economic Aspects of Real Property, Historical Background

Other articles related to "real property, real, property":

Real Property - Historical Background
... The word "real" ultimately derives from Latin res "thing" and was used in Middle English to mean "relating to things, especially real property" ... In common law, real property was property that could be protected by some form of real action, in contrast to personal property, where a plaintiff would have to resort to another form of action ... an advowson (the right to present to the living of a church) was real property ...
Bargain And Sale Deed
... A bargain and sale deed is in United States real property law, a deed "conveying real property without covenants" ... Property law Part of the common law series Types Real property Personal property Acquisition Gift Adverse possession Deed Conquest Discovery Accession Lost, mislaid, and abandoned property ... Under the Statute of uses, modern real property law disregards this subtle distinction ...
Security Interest - United States (the Uniform Commercial Code)
... to summarily encumber all his or her personal property as collateral for a loan, but on the other, debtors and creditors would attempt to reach a desired result by any means necessary, even if that ... Uniform Commercial Code, which regulates security interests in personal property (as opposed to real property) and establishes a unified concept of a security interest as a right in a debtor's ... were hopelessly obsolete was highly influential elsewhere and inspired the enactment of Personal Property Security Acts throughout Canada during the 1990s ...
Reversion (law)
... A reversion in property law is a future interest that is retained by the grantor after the conveyance of an estate of a lesser quantum that he has (such as the owner of a ... the lesser estate comes to an end (the lease expires or the life estate tenant dies), the property automatically reverts (hence reversion) back to the grantor ... to the rights retained by someone who lends his property to another for a limited time ...
Cancellation Of Debt (COD) Income - Exclusions - Qualified Real Business Property Indebtedness
... A qualified real property business indebtedness is indebtedness which was incurred or assumed by the taxpayer in connection with real property used in a trade or business ...

Famous quotes containing the words property and/or real:

    As a man is said to have a right to his property, he may equally be said to have a property in his rights.
    James Madison (1751–1836)

    Money itself isn’t lost or made, it’s simply transferred from one perception to another. This painting here. I bought it 10 years ago for 60 thousand dollars. I could sell it today for 600. The illusion has become real and the more real it becomes, the more desperately they want it.
    Oliver Stone (b. 1946)