Copyright © Philip M. Parker, INSEAD. Terms of Use.
Definition: Real Property |
Real PropertyNoun1. Property consisting of houses and land. Source: WordNet 1.7.1 Copyright © 2001 by Princeton University. All rights reserved. |
| Domain | Definitions |
Business | Land, buildings and other construction work carried out thereon. Source: European Union. (references) |
Finance | All immovable property such as land and the buildings or other objects permanently affixed to the land. (references) |
Mining | Includes mining claims, dumps, water rights, and ditches. (references) |
Source: compiled by the editor from various references; see credits. | |
(From Wikipedia, the free Encyclopedia)
Real property is not just the ownership of property and buildings, it includes many legal relationships between owners of real estate that are purely conceptual such as the easement, where a neighboring property may have some right on your property, right-of-way, or the right to pass over a property, and incorporeal heridiments such as profit a prendre. Real property can also be held in various ways. In some jurisdictions it is held absolutely, in other places it may still be considered to be carved out of the Crown's ownership of all property in the realm. Such distinctions are important in terms of the law of escheat or when property reverts to the state because it lacks an owner or has been abandoned.
An important area of real property are the definitions of estates in land. These are various interests that may limit the ownership rights one has over the land. The most common and perhaps most absolute type of estate is the fee simple which signifies that the owner has the right to dispose of the property as she sees fit. Other estates include the life estate where the owner's rights to the property cease at their death and fee tail estates where the property at the time of death passes to the heirs of the body (i.e. children, grandchildren, descendants) of the owner of the estate before he died.
Estates may also be held jointly as joint tenants with right of survivorship or as tenants in common. The difference in these two types of joint ownership of an estate in land is basically the inheritability of the estate. In joint tenancy (or in marriage this is sometimes called tenancy of the entirety) the surviving tenant (or tenants) become the sole owner (or owners) of the estate. Nothing passes to the heirs of the deceased tenant. In some jurisdictions the magic words "with right of survivorship" must be used or the tenancy will assumed to be tenants in common. Tenants in common will have a heritable portion of the estate in proportion to their ownership interest which is presumed to be equal amongst tenants unless otherwise stated in the transfer deed. There are other types of estates in land that are used to prevent the alienation of land (also used in the law of trusts). Generally these are called future interests, an example being the rule against perpetuities, see for example The Rule in Shelley's Case.
Real property may not only be owned it may be leased in which the possession of the property is given to the tenant for a limited period of time. Such leases are also called estates such as an estate for years, a periodic tenancy or an estate at will.
Real property may also be owned jointly through the device of the condominium or cooperative.
Source: adapted by the editor from Wikipedia, the free encyclopedia under a copyleft GNU Free Documentation License (GFDL) from the article "Real property."
Synonym: Real PropertySynonym: realty (n). (additional references) |
| Domain | Title |
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Source: compiled by the editor from various references; see credits. | |
| Subject | Topic | Quote |
Civil Liberties | Hungary | In the remainder (approximately 1,660 cases), the Government must decide whether to return the real property that once belonged to the various religious groups by 2011. Religious orders and schools are among those that have regained some property confiscated by the Communist regime. (references) |
Economic History | Bolivia | Both chattel and real property rights are recognized and enforced. (references) |
Haiti | Real property interests are handicapped by the lack of a comprehensive civil register. (references) | |
Human Rights | Costa Rica | Irregular enforcement of property rights and duplicate registrations of title have damaged the real property interests of many who believe they hold legitimate title to land. (references) |
Political Economy | Djibouti | Citizens are free to pursue private business interests and to hold personal and real property. (references) |
THE BAHAMAS | In July 1993, the government enacted legislation extending most Hawksbill Creek tax and duty exemptions through 2054, while withdrawing exemptions on real property tax for foreign individuals and corporations. (references) | |
Trade | Kenya | Domestic collateral either in real property or in cash and securities that is easily accessible to banks is preferred. (references) |
Women | Syria | Women are not impeded from owning or managing land or other real property. (references) |
Belize | There are no legal impediments to women owning or managing land or other real property. (references) | |
Source: compiled by the editor from ICON Group International, Inc.; see credits. | ||
| Country | Name |
| Indonesia | Jaya Real Property Tbk. P.T. |
| (more examples...) |
Source: compiled by the editor from Icon Group International, Inc.
Expressions using "real property": pledging of the income from real property ♦ real property tax. Additional references. | |
| Source: compiled by the editor from various references; see credits. |
| The following statistics estimate the number of searches per day across the major English-language search engines as identified by various trade publications. Hyperlinks lead to commercial use of the expression at Amazon.com. |
| Expression | Frequency per Day |
real property | 226 |
maryland real property | 100 |
real property search | 73 |
real property law | 20 |
md real property | 19 |
real property management | 16 |
real property data search | 15 |
real property tax | 13 |
real property record | 13 |
real property appraisal | 7 |
| Source: compiled by the editor from various references; see credits. | |
| Language | Translations for "real property"; alternative meanings/domain in parentheses. | |
Arabic | أملاك ثابتة. (various references) | |
Bulgarian | недвижим имот (immovables, real estate). (various references) | |
Danish | jordbesiddelse (estate, landed estate, landed property, real estate), grundejendom (estate, landed estate, landed property, real estate), fast ejendom (estate, immovable assets, immovable property, landed estate, landed property, real estate), ejendomsværdi (building value, immovables, property value, real assets, real estate value, real property value, realty). (various references) | |
Dutch | waarde van het onroerend goed (building value, immovables, property value, real assets, real estate value, real property value, realty), onroerend goed door zijn aard, grondeigendom (estate, land, landed estate, landed property, real estate). (various references) | |
Finnish | kiinteistö (estate, immovable property, property, real estate, realty), kiinteä omaisuus (estate, immovable property, landed estate, landed property, property, real estate, realty). (various references) | |
French | valeur immobilière (real assets, real estate value, real property value, realty), propriété foncière (real estate), immeuble par nature, biens fonciers (real estate, realty). (various references) | |
German | Grundbesitz (estate, ground, hacienda, holding, land, landed estate, landed property, property, real estate, realty, tenure). (various references) | |
Greek | ακίνητη ιδιοκτησία (estate, landed estate, landed property, real estate), ακίνητη περιουσία (assets, realty), ακίνητος περιουσία (real estate), ακίνητο (estate, landed property, property, real estate). (various references) | |
Italian | valore immobiliare (building value, immovables, property value, real assets, real estate value, real property value, realty), propriet terriera (demesne, domain, estate, landed estate, landed property, manor, real estate), propriet immobiliare (estate, landed estate, landed property, real estate), propriet fondiaria (estate, landed estate, landed property, real estate), immobili per natura. (various references) | |
Japanese Kanji | '" (fixed or real property). (various references) | |
Japanese Katakana | "うさ" (fixed or real property, giving in to, probability). (various references) | |
Pig Latin | ealray opertypray.(various references) | |
Portuguese | imóvel por natureza. (various references) | |
Romanian | proprietate imobiliarã. (various references) | |
Russian | недвижимость (immovables, real estate, realty). (various references) | |
Spanish | valor inmobiliario (building value, immovables, property value, real assets, real estate value, real property value, realty), propiedad inmobiliaria (estate, landed estate, landed property, real estate), bienes raíces (estate, immovable assets, landed estate, landed property, real assets, real estate, realty), bienes inmuebles (estate, immovable assets, immovable property, immovables, landed estate, landed property, property, real estate, real state, realty), bienes inmobiliarios (estate, landed estate, landed property, real estate). (various references) | |
Swedish | fastigheter, fastighet (estate, house property, house-property, landed estate, landed property, premise, real estate), fast egendom (immovable property, immovables, property, real estate, realty). (various references) | |
| Source: compiled by the editor from various translation references. | ||
Scrabble® Enable2K-Verified Anagrams | |
| Words within the letters "a-e-e-l-o-p-p-r-r-r-t-y" | |
-3 letters: portrayer, repertory. | |
-4 letters: palterer, parleyer, parroter, parterre, perorate, preparer, properer, properly, property, pterylae, reporter. | |
-5 letters: alerter, alterer, operate, paperer, parolee, parroty, partyer, pearler, pearter, peartly, peopler, peroral, petrale, peytral, peytrel, pleater, portray, praetor, prelate, prepare, pretape, pretype, prolate, propyla, prorate, protyle, pteryla, pyrrole, rapport, realter, realtor, reapply, relater, relator, repaper, replate, taperer, trapper. | |
| Source: compiled by the editor from various references; see credits. SCRABBLE® is a registered trademark. All intellectual property rights in and to the game are owned in the U.S.A and Canada by Hasbro Inc., and throughout the rest of the world by J.W. Spear & Sons Limited of Maidenhead, Berkshire, England, a subsidiary of Mattel Inc. Mattel and Spear are not affiliated with Hasbro. | |
Hexadecimal (or equivalents, 770AD-1900s) (references)52 65 61 6C 50 72 6F 70 65 72 74 79 |
| Leonardo da Vinci (1452-1519; backwards) (references)
|
Binary Code (1918-1938, probably earlier) (references)01010010 01100101 01100001 01101100 00100000 01010000 01110010 01101111 01110000 01100101 01110010 01110100 01111001 |
HTML Code (1990) (references)R e a l   P r o p e r t y |
ISO 10646 (1991-1993) (references)0052 0065 0061 006C 0050 0072 006F 0070 0065 0072 0074 0079 |
Encryption (beginner's substitution cypher): (references)5271677825084818271848691 |
| 1. Definition 2. Synonyms 3. Crosswords 4. Usage: Commercial | 5. Quotations: Non-fiction 6. Names: Company Usage 7. Expressions 8. Expressions: Internet | 9. Translations: Modern 10. Anagrams 11. Orthography 12. Bibliography |
Copyright © Philip M. Parker, INSEAD. Terms of Use.
