What does 'real property' include?

Study for the IEDC Real Estate Development and Reuse Exam. Harness the power of flashcards and multiple-choice questions, each enriched with hints and explanations. Get ready for success!

'Real property' encompasses a broader category than just land or structures. It includes not only land itself but also anything that is permanently attached to that land, which is referred to as "permanent fixtures." This includes buildings, trees, and other structures that are permanently affixed and cannot be easily removed without altering or damaging them.

The distinction lies in the permanence of these items. For example, trees planted in the ground are considered part of the real property because they are immovable in nature. Similarly, buildings and structures that have been built on the land are also classified as real property due to their fixed nature.

This definition is fundamental to real estate, as it establishes what is included when a person or entity purchases property. Understanding the comprehensive nature of real property ensures clarity in transactions, rights, and responsibilities associated with property ownership.

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