Real property inventory


Also found in: Acronyms.

Real property inventory

An itemized list and classification of the real property of a person or estate, showing the amount, character, and condition of such property at a given time; also, an objective listing of the supply, character, and condition of all real property in a given area at a certain time.
References in periodicals archive ?
The order requires senior real property officers at specified executive branch departments and agencies to, among other things, prioritize actions needed to improve the operational and financial management of the agency's real property inventory. A new Federal Real Property Council at OMB has developed guiding principles for real property asset management and is also developing performance measures, a real property inventory database, and an agency asset management planning process.
The purpose of the technology demonstration was to test and show the key functionality of the GFEBS Release 1.1 solution for Real Property Inventory and associated financial transactions.
GSA officials are reviewing all of its properties to identify and remove all assets from its real property inventory that are not financially self-sustaining or for which there is not a substantial, long-term federal purpose.
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