What type of items would you classify as real property?

Real property refers to land and everything that is permanently attached to it, including structures such as buildings. This classification is fundamental in real estate, as it distinguishes between personal property and real property.

Land is the foundational element of real property, encompassing the surface, sub-surface, and air rights above the ground. Buildings, whether residential or commercial, are considered fixtures that enhance the value of the land, as they are permanently affixed and cannot be easily moved without causing damage.

Understanding this classification is essential for various practices in real estate, leasing, and property management. Recognizing what constitutes real property helps in negotiations, legal matters, and the evaluation of property value, as different rules and regulations often apply depending on whether an asset is classified as real or personal property.