What is Real Estate? A Comprehensive Guide
Definition and Scope of Real Estate
Real estate encompasses the land and all permanent structures attached to it, such as buildings, whether natural or man-made.
The term encompasses a vast spectrum of properties, ranging from residential homes and commercial establishments to undeveloped land.
Inclusions and Elements of Real Estate
- Land itself
- Structures permanently affixed to the land, including houses, offices, and factories
- Natural resources associated with the land, such as trees, water bodies, and minerals
- Air rights above the land
- Underground rights below the land
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