What does "real property" refer to?

"Real property" refers specifically to land and anything that is permanently attached to it. This includes not only the physical land itself but also buildings, structures, and any improvements that are affixed to that land. The definition encompasses both residential and commercial properties, highlighting the connection between the land and those physical entities that are constructed on it.

This understanding is critical in the field of real estate, as it distinguishes real property from personal property, which includes items that are movable and not permanently attached, like furniture or vehicles. By recognizing the definition of real property, one can better navigate the various legal, financial, and operational considerations associated with real estate transactions. Additionally, it aids in understanding the rights and responsibilities associated with ownership and use of property in real estate contexts.