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Tuesday, August 19, 2014

Dictionary: Real Property

1. Rights, interests, and benefits inherent in the ownership of real estate, as distinguished from personal property; frequently thought of as a bundle of rights.

2. Real estate may be loosely defined as land (including air rights) and other properties that are permanently attached to land such as houses, fences, and landscaping.

3. The terms real property and Real Estate are often used interchangeably.
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