What constitutes "real property"?

Real property encompasses not just the land itself but all things that are permanently attached to it. This includes buildings, structures, and any improvements made to the land, such as fences, driveways, or landscaping. The concept of "permanently affixed" is key, as it differentiates real property from personal property, which can include movable items that are not fixed to a location.

Understanding this definition is crucial in real estate because it impacts various legal rights and obligations, property taxes, and how properties are bought, sold, or transferred. For instance, when a property is sold, everything that is considered part of the real property is included in the transaction, unless otherwise specified. This comprehensive view of what constitutes real property is foundational in real estate practices and principles.