Real Property Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Real Property, written in plain English, along with examples of how it is used.
What is Real Property?
(n) A real property is defined as the property which are physically visible and firmly attached to fixed position including land, structure constructed, erected equipments, development to land, growth in the property like trees etc including all interest in such properties.
History and Definition of Real Property
Real Property is a term used in the legal system to refer to physical property such as land, buildings, and fixtures. It has a long history in common law, with origins in English feudalism where ownership of land was tied to social status. Today, ownership of real property is considered a fundamental right in many countries, protected by laws and regulations that govern its use, transfer, and management.
The definition of Real Property encompasses not only the land, but also permanent improvements and fixtures on it. This includes buildings, trees, crops, minerals, and any other resources that are considered part of the land. Ownership of real property grants a bundle of rights to the owner, including the right to use and enjoy it, exclude others from it, and transfer it to others.
Examples of Real Property
A homeowner owns not only the land their house is built on, but also any structures, landscaping, and other improvements permanently attached to it.
A farmer owns the land they cultivate, as well as any crops, buildings, or machinery needed for farming.
A landlord owns a building and any fixtures installed in it, such as plumbing, electrical wiring, and appliances.
A mining company owns the mineral rights to land where they extract natural resources, such as coal or oil.
Legal Terms Similar to Real Property
Personal Property: Property that is movable and not permanent, such as cars or furniture.
Easement: The right to use someone else's land for a specific purpose, such as accessing a public road or running utility lines.
Title: The legal document that proves ownership of real property.
Deed: A legal document that transfers ownership of real property from one person to another.
Zoning: Local laws that regulate how real property may be used and developed in specific areas.