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Real property refers to physical land and anything that is permanently attached to it, such as buildings, trees, and other natural features.
A person owns a plot of land that has a house built on it, as well as a swimming pool, a garden, and a large tree. The entire property, including the land and all the improvements on it, is considered real property.
"A Deep Dive for Real Estate Agents and Appraisers"
It's important to note that real property is a legal term that refers to the ownership rights associated with the physical land and any permanent structures or improvements on it. These ownership rights may include the right to use, sell, or lease the property, as well as the right to exclude others from using the property without permission.
Real property ownership also carries with it certain responsibilities and obligations, such as paying property taxes, maintaining the property in a safe and habitable condition, and complying with zoning and land use regulations.
"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"
Real property, oh what a sight,
It's land and all that's attached, oh what a delight!
The buildings and trees, and all that we see,
Are part of the property, oh how can it be?
Imagine a plot of land, with a house and a tree,
And a swimming pool and garden, oh how pretty it can be!
All of it together, land and all that's on top,
Is real property, it's all in one big crop!
So remember, my friend, when it's real property,
It's not just the land, but all that we see!
The buildings, the trees, and all that we know,
Are part of the property, and that's how it goes!