real property

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Related to real property: Real Property Tax

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.

The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

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 ?

The outputs of the Real Property Assets Accountability project are establishment of mature processes for (1) managing real property portfolios for financial reporting, (2) tracking and reporting real property assets against defined goals and objectives to facilitate management's decisions, and (3) monitoring established internal controls to ensure they continue to perform as designed.

Innovative solutions for real property asset accountability

On appeal, the board argued that the manufactured home should not have been appraised as real property before the motor vehicle title was surrendered.

Manufactured home's status as real property does not depend on surrender of motor vehicle title

* A direct interest in real property (i.e., land, buildings, mines, wells, crops, or timber) located in the U.S.; and

Foreign Investment in U.S. real property: complying with FIRPTA and using 1031 exchanges

In North Carolina, contractors who contract directly with an owner of real property to perform work or furnish materials to improve real property are entitled to claim a lien upon real property.

North Carolina Lien law

PTMS 3.4 provides a variety of options for determining fair market value for real property. Commercially available data on an unlimited number of comparable properties ("comps") can be linked to a parcel, allowing the user to compare and analyze property values on a per-unit basis--such as building value in dollars per square foot, land value in dollars per acre, etc.

Tax Compliance Inc

Gross assessed value of real property rose by $13 billion or 127 percent.

Lake County taxing--a case study

In re Raborn, a recent bankruptcy case interpreting [section] 689.07, held that because the deed conveying the real property at issue was not recorded and did not name the beneficiaries of the trust or state the purpose of the trust, that the deed to Raborn, as trustee of the trust, conveyed a fee simple interest in the real property to trustee individually.

Raborn fix goes to the governor: RPPTL supported the legislation

Constitution, the personal property tax rates were lowered so they are equal with the real property tax rates, he said.

Property Tax Credit Extended to Mobile Homes

Most Federal agencies restrict the initiation of forfeiture of real property to instances where a substantial connection between the property and a felony violation can be established.

Asset forfeiture units

Such reforms in the real property tax system constitute the third package of the Duterte administration's comprehensive tax reform program.

Overhaul of property tax scheme to boost real estate market, says Dominguez

The Department of Finance (DOF) is pushing for reforms in the country's real property valuation system to generate additional revenues for local government units (LGUs) and attract more investments in the country.