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Author Topic: Definition of Real Estate  (Read 1180 times)

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Offline freeflex

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Definition of Real Estate
« on: June 06, 2024, 06:53:01 am »
Real estate refers to land along with any permanent improvements attached to it, whether natural or man-made. These improvements include buildings, homes, fences, bridges, and other structures. The term encompasses not only the physical land and the structures upon it but also the natural resources above and below the ground, such as water, minerals, and crops.

Key Components of Real Estate

Land:
The earth’s surface extending downward to the center of the earth and upward to infinity, including everything permanently attached by nature, such as trees and water.

Improvements:
Any additions or changes to the land that affect its value, such as buildings, roads, and utilities.

Property Rights:
The legal rights associated with owning land and improvements, including the rights to possess, control, enjoy, and dispose of the property.

See more ==>>>
https://blog.hazibianinternational.com/2024/06/04/definition-of-real-estate/

Offline Innor JPN Iverson

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Re: Definition of Real Estate
« Reply #1 on: June 06, 2024, 08:21:49 pm »
Am new here

 

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