What Is The Definition Of Real Property? What is the real definition of real property? According to about.

com: Real property is property that includes land and buildings, and anything affixed to the land. For a business, real property would include warehouses, factories, offices, and other buildings owned by the business. Real property only includes those structures that are affixed to the land, not those which can be removed, such as equipment. Real property may also be determined to include:
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Whatever is beneath the surface of the land, like minerals, natural gas, and oil Rights to the use of property Leasehold improvements (since they cannot be removed

. Real property is distinguished from personal property, which is other property owned by a business or individual, including equipment, furniture and fixtures. Also Known As: Real Estate And yes, in Philippine law, this definition holds true. Real estate or real property is not only land or structures that are attached to the land which are used for dwelling or business, they can also be equipment that are used for business which are attached to the real estate. Now you ask, what is the better term? Real estate or real property? I say both, they are exactly synonyms. However here in the Philippines, lands, houses, buildings are commonly known as real estate, little people now that it is also real property. What is real property in contrast to personal property? Real property are immovables as we discussed earlier while personal properties are ones that are movable or anything that is not real property.
Real propertyis property that includes land and buildings, and anything affixed to the land. For a business, real property would include warehouses, factories, offices, and other buildings owned by the business. Real property only includes those structures that are affixed to the land, not those which can be removed, such as equipment. Real property may also be determined to include:

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Whatever is beneath the surface of the land, like minerals, natural gas, and oil Rights to the use of property Leasehold improvements (since they cannot be removed

which is other property owned by a business or individual. Joint tenancy can be severed by one of the joint tenants transferring his or her interest to himself or to a third party. Land. interests. In economical use. bill of sale or lease. Over time.Real property is distinguished from personal property. trees. Life estates last as long as the tenant is alive. the heirs (or devisees if there is a will) do not inherit any interest in the property. A Fee Tail estate allows for the transfer of the property to the tenant’s heirs after the tenant dies. Upon the death of one joint tenant. or to use the legal term. The type of estate property depends on how it is described in the deed. the distinction between the two types of property changed to mean real property did not include personal property. infrastructural benefits such as buildings and other permanent objects for human use. Fee Simple. but by the way which rights in the property were supported and recognized. At one time. landscaping and other things that are attached to the surface. and the sky above the surface. buildings. A Leasehold estate is the same as rental property but for an agreed upon period of time stipulated in a contract known as a lease Forms of Ownership of Real Property Joint Tenancy: Joint tenants own an equal undivided interest in the property. includes what is known as a “bundle of rights. fences. A Conditional Fee Simple estate is the same as the Fee Simple estate but lasts only as long as any included conditions do not happen. minerals and other natural resources below the surface. Tenancy in Common: Unlike a joint tenant. Fee Tail and Leasehold. Conditional Fee Simple. Real property Land. is comprised of the surface. real property. A Fee Simple estate is most common because the tenant has the most control of the property and can freely be transferred. real property consists of natural benefits such as agricultural farmland. Some of these estate types include: Life Estate. including equipment. Tenants in .” These are intangibles such as: use rights. and benefits associated with the ownership of the land. furniture and fixtures. or to use another legal term. the surviving joint tenants own the property. and other fixed assets such as machinery. the difference between real property and personal property (movable goods) wasn’t dependent of the type of property. real estate. a tenant in common can pass his or her share of a piece of property to his or her heirs or devisees and can encumber his or her interest with a mortgage or lien. Real property can come in different types of estate properties.

Tenancy by the Entirety: Spouses may take title to their residence by tenancy by the entirety. 1990. If no form of joint tenancy is indicated in the deed.common can own unequal interests in the property. Like joint tenancy. This is true if the judgment or lien was entered after October 1. there is a presumption that the property was taken as tenants in common. The deed must expressly provide that the parties are husband and wife and that they are taking the property as tenants by the entirety. This type of ownership is frequently used in investments and other business relationships. title to the property automatically passes to the surviving spouse . did not constitute a lien on the interest of the judgment debtor before the property was transferred to the debtor and his or her spouse as tenants by the entirety and the property was not transferred into tenancy by the entirety specifically to avoid the attachment of a judgment or lien. upon the death of one of the spouses. or to avoid the payment of existing debts beyond the debtor’s ability to pay those debts. The principal advantage to tenancy by the entirety is the ability to protect property from future judgments and liens against only one of the joint owners.

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