Real property

subset of land that has been legally defined and the improvements to it made by human efforts
(Redirected from Realty)

Real property is a type of property that includes land and buildings and infrastructure in land. It is one of two types of property that one can own, and the other is personal property.[1]

Residential real estate may contain either a single family or multifamily structure that is available for occupation or for non-business purposes.[2]

Real estate is different from personal property, which is not permanently attached to the land, such as vehicles, boats, jewelry, furniture, tools and the rolling stock of a farm.

ReferencesEdit

  1. "Real estate": Oxford English Dictionary online: Retrieved September 18, 2011
  2. "Title 16. Conservation; Chapter 1. National Parks, Military Parks, Monuments, and Seashores; Minute Man National Historical Park". US Legal.