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Written by Ideal Property Inc
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Real property and personal property are the main classifications of property in the common law. Real property refers to land and the improvements made by human efforts—buildings, machinery, the acquisition of various property rights, and the like. Real property is also termed realty, real estate, and immovable property. In countries with personal ownership of real property, civil law protects the status in realty markets, where realtors work in realty selling real estate. Scottish civil law calls it heritable property, and in France it is said immobilier.
Identification of real property
To be of any value a claim to any property must be accompanied by a verifiable and legal property description. Such a description could make use of natural boundaries such as river and roads, or make use of purpose made markers such as cairns, posts, survey marks, etc.
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