What is typically the definition of real property?

The definition of real property encompasses a broader concept than just physical buildings. It includes not only the land itself but also the rights and interests associated with it. This means that when referring to real property, one is considering both the tangible aspects—such as the land and any buildings on it—and the intangible rights that can pertain to that property. For instance, real property can include the right to use, lease, or sell the land, which are essential components of ownership.

In contrast, the other options provide incomplete or inaccurate definitions. For example, defining real property solely as physical buildings neglects to encompass the land itself and the associated rights, thereby limiting the understanding of what real property entails. Describing it as always movable contradicts the very nature of real property, which is typically fixed in location. Lastly, the assertion that real property consists of chattel and fixtures misrepresents the distinctions between real property and personal property, as chattel refers to personal property that is movable, while fixtures are items that have become permanently attached to the land or buildings. Thus, focusing solely on land and associated rights in the correct definition allows for a comprehensive understanding of real property.