Real Estate Overview
REAL ESTATE: (As defined in Wikipedia - the free encyclopedia - at the time of writing.) Real estate or immovable property is a legal term (in some jurisdictions) that encompasses land along with anything permanently affixed to the land, such as building. Real estate is often considered synonymous with real property (also sometimes called realty), in contrast with personal property (also sometimes called chattel or personally). However, for technical purposes, some people prefer to distinguish real estate, referring to the land and fixtures themselves, from real property, referring to ownership rights over real estate.
The terms real estate and real property are used primarily in common law, while civil law jurisdictions refer instead to immovable property. Property law, the area of the common law that governs real property, differs from contract law in that it focuses primarily on rights that one person holds over all other people, as opposed to specific individuals.
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REAL PROPERTY: (As defined in Wikipedia - the free encyclopedia - at the time of writing.) Real property is a legal term encompassing real estate and ownership interests in real estate (immovable property). It is a type of property differentiated from personal property.
This article discusses the ownership of land using the interpretation of real property as a legal term used in Anglo American common law jurisdictions. Other legal geopolitical systems of government have different legal interpretations concerning the ownership of the land. Terminology varies in theses systems, as well: for instance, heritable property in Scotland; immoveable property in Canada, United States, India, Malta, Cyrus, most of Europe including Russia, also South America, Malaysia, South Africa, Pakistan, Bangladesh, and many other countries and continents; and immobilier in France.