real property

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Related to Heritable property: interest in real estate, Real property law

real property:

see propertyproperty,
rights to the enjoyment of things of economic value, whether the enjoyment is exclusive or shared, present or prospective. The rightful possession of such rights is called ownership.
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Real property

Land with or without buildings, fences and other features. Also called real estate.

Real Property


in law, tracts of land and the various capital structures and installations erected thereon. Real property was recognized under prerevolutionary Russian law and has major significance under the legislation of the present-day bourgeois states, where rights to real property are publicly established and transactions involving real property, particularly land, must meet certain legal requirements.

Under Soviet law, property need not be classified as either movable or immovable because land, the main component of real property, is under the sole ownership of the state. Private transactions that involve land are accordingly prohibited. The special legal status that is established for land and its mineral wealth, waters, forests, structures, and installations is conditioned by the economic importance these objects possess.

real property

Land, everything growing on it, and all improvements made to it. It usually includes rights to everything beneath the surface, and at least some rights to the airspace above it.
References in periodicals archive ?
A LIFE rent is the right to occupy a piece of heritable property during the lifetime of the renter.
Contract Award Notice: Legal Services including provision of Corporate and Contract Law; Governance & Regulation, including Charity and Company Law, group structures and joint ventures; Construction and Procurement Law, State Aid, Employment Law, Health and Safety Law, including tribunal representation; Data Protection and Freedom of Information Law, Housing Law, Insurance, Banking and Finance law, Land and Property Law, Conveyancing and remedial conveyancing, Investment Law, Development & Regeneration, Heritable property recovery and debt recovery, Right to Buy, Shared Equity, General Litigation and General legal Advice.
He is chairman of Glasgow-based Mactaggart Heritable property group.