In real estate, “real property” refers to land, including everything permanently attached to it — such as buildings, structures, and any improvements on the land. This term encompasses tangible assets and the rights associated with the land, such as mineral rights, air rights and water rights.

Real property is distinguished from personal property which includes movable items like furniture or vehicles. The ownership of real property is typically transferred through deeds, and it represents a bundle of legal rights related to the use, enjoyment and disposition of the land and its improvements.

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