What is the difference between real property and real estate?
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Studied at the University of Vienna, Lives in Vienna, Austria.
Real property includes real estate, land and anything permanently affixed to it, and the bundle of legal rights related to the real estate. Any new development of land, such as constructing buildings, is known as an improvement. Personal property is all property that is not real property.
2023-05-10 23:44:01
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Real property includes real estate, land and anything permanently affixed to it, and the bundle of legal rights related to the real estate. Any new development of land, such as constructing buildings, is known as an improvement. Personal property is all property that is not real property.