Define "real property."

The definition of "real property" encompasses land and anything that is permanently attached to it, such as buildings and fixtures. This characterization is essential in real estate as it separates real property from personal property, which can include movable assets and items that are not permanently affixed to the land.

Understanding real property is crucial for various reasons. It includes not only the physical land but also enhancements that are considered part of the property, such as homes, commercial buildings, fences, and other structures. This permanence is a key factor; should these items be removed, the land itself would be affected.

By defining real property in this way, it establishes the basis for ownership rights, transfer of property, and the regulations that govern real estate transactions. This clear delineation helps real estate professionals navigate legal and practical implications surrounding property management, transactions, and development.