Real property

Real estate  refers to real property consisting of Land Improvements but there arises a question “what do we mean by real property?”

Let's see what is meant by real property and its types and so more.

Real property is nothing but a parcel of land and everything that is permanently  attached to the land. The owner of the real property has

• All the rights of ownership

• Right to possess

• Right to sell

• Right to lease

• Right to enjoy the property

So what are the few examples of real prperty? Here is a list of real property

•  Buildings

• Canals

• Crops

•  Fences

•  Land

•  Landscaping

•  Machinery

• Minerals

•  Ponds

•  Railroad tracks and

•  Roads.

Note: Real property is generally taxed at the local level, not the federal level.