How is "real property" legally defined?

The legal definition of "real property" encompasses land and anything that is permanently attached to it, such as buildings, fixtures, and other improvements. This definition is important in real estate because it differentiates real property from personal property, which includes movable items.

Understanding this distinction is crucial for various legal scenarios, including transactions, taxation, and property rights. For example, if a homeowner sells their house (which includes the land and any structures on it), they are transferring their real property. Conversely, items that can be easily removed, like furniture, do not fall under this definition and are considered personal property.

The other choices do not fully capture the legal nuances of real property. Land alone ignores the importance of attached structures and improvements, while referring to any property that can be sold or limiting to residential property does not reflect the broader and more specific definition of real property in legal terms.