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.

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 ?
Where the term of a tenancy contract expires, but the tenant continues to occupy the real property without any objection by the landlord, the tenancy contract will be renewed for the same term or for a term of one year, whichever is shorter, and under the same terms as the previous tenancy contract.
Considering that the market values currently being used are those prevailing 19 years ago, the same are deemed inappropriate and unrealistic basis for real property taxation,' read the COA report.
As a general rule, a buyer of US real property from a foreign person must withhold 15 percent of the total amount realized by the foreign person on the sale.
Amounts received or accrued as consideration for entering loan agreements secured by mortgages on real property or on interests in real property or entering agreements to purchase or lease real property;
The organization's real property management system included most of the traditional real property assets--including land and buildings--but data were woefully out-of-date.
On appeal, the board argued that the manufactured home should not have been appraised as real property before the motor vehicle title was surrendered.
The requirements of filing a claim of lien on real property are addressed by N.
There is no readily apparent support in either the statute or legislative history for including in DPGR gross receipts from the sale or exchange of real property while excluding gross receipts from leases or rentals of that same property.
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.
In 1988, officials reorganized the unit into five separate functions--local case management, vehicle forfeitures, real property forfeitures, Federal case management, and investigations.
When it comes to purchasing and selling real property, taxpayers face the question: am I a real estate dealer or investor?

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