What is meant by "real property"?

The term "real property" encompasses not just the land itself but also any permanent structures and improvements attached to that land, such as buildings, roads, and other fixtures. This definition is fundamental in real estate, as it distinguishes real property from personal property, which refers to movable items not affixed to the land.

Understanding that real property includes both the land and anything permanently affixed to it is crucial for various aspects of real estate transactions, ownership rights, taxation, and legal considerations. For example, when purchasing real estate, buyers are acquiring both the land and any structures, which can have significant implications for value assessments, insurance requirements, and property usage regulations.

In contrast, the other choices narrow the definition or misinterpret aspects of real property, leading to incomplete understandings of what real estate entails. This broader definition is essential for anyone engaged in real estate practice, as it influences everything from market analysis to property management.