Business Definition for: real property
real property
rights, interests, and benefits inherent in the ownership of real estate, as distinguished from personal property; frequently thought of as a bundle of rights. Real estate may be loosely defined as land (including air rights) and other properties that are permanently attached to land such as houses, fences, and landscaping. The terms real property and
real estate
are often used interchangeably.
real property
land and all property attached to the land, such as houses, trees, fences, and all improvements.
real property
land, buildings, and other kinds of fixed or immovable property. This is classified as real, as distinguished from personal property. In some states, it is synonymous with real estate.
real property
real property
the rights to use real estate. Sometimes also defined as
real estate
.
Examples: Real property includes, but is not limited to:
real property
- land and whatever is erected or growing on it, or affixed to it.
- rights issuing out of, annexed to, and exercisable within or about the land.
Related Terms:
- real property such as land, land improvements, and building held for business use in the production of income. It is contrasted with personal property.
- real property held for investment purposes. Increased value in real estate has typically exceeded the rate of inflation. But real estate as an inflation hedge varies from locality to locality. Also, leverage exists with real estate since a high percentage of the investment may be made with debt funds. Down payments are often less than 25%. However, a large capital investment is usually required. Real estate provides capital appreciation or depreciation. Certain real estate investments, such as residential and commercial property, generate annual income. Directly managed real estate income property provides tax deductions in the form of depreciation expense, interest expense, and property taxes.
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Copyright c 2006, 2000, 1997, 1993, 1990 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2000, 1995, 1991, 1987 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2004, 2000, 1997, 1993, 1987, 1984 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.