What is "real property"

Real \Re"al\ (r[=e]"al), a. [LL. realis, fr. L. res, rei, a thing: cf. F. r['e]el. Cf. Rebus.]

1. Actually being or existing; not fictitious or imaginary; as, a description of real life.

   Whereat I waked, and found Before mine eyes all real, as the dream Had lively shadowed.
   --Milton.

2. True; genuine; not artificial, counterfeit, or factitious; often opposed to ostensible; as, the real reason; real Madeira wine; real ginger.

   Whose perfection far excelled Hers in all real dignity.
   --Milton.

3. Relating to things, not to persons. [Obs.]

   Many are perfect in men's humors that are not greatly capable of the real part of business.
   --Bacon.

4. (Alg.) Having an assignable arithmetical or numerical value or meaning; not imaginary.

5. (Law) Pertaining to things fixed, permanent, or immovable, as to lands and tenements; as, real property, in distinction from personal or movable property.

   Chattels real (Law), such chattels as are annexed to, or savor of, the realty, as terms for years of land. See Chattel.

   Real action (Law), an action for the recovery of real property.

   Real assets (Law), lands or real estate in the hands of the heir, chargeable with the debts of the ancestor.

   Real composition (Eccl. Law), an agreement made between the owner of lands and the parson or vicar, with consent of the ordinary, that such lands shall be discharged from payment of tithes, in consequence of other land or recompense given to the parson in lieu and satisfaction thereof.
   --Blackstone.

   Real estate or Real property, lands, tenements, and hereditaments; freehold interests in landed property; property in houses and land.
   --Kent.
   --Burrill.

   Real presence (R. C. Ch.), the actual presence of the body and blood of Christ in the eucharist, or the conversion of the substance of the bread and wine into the real body and blood of Christ; transubstantiation. In other churches there is a belief in a form of real presence, not however in the sense of transubstantiation.

   Real servitude, called also Predial servitude (Civil Law), a burden imposed upon one estate in favor of another estate of another proprietor.
   --Erskine.
   --Bouvier.

   Syn: Actual; true; genuine; authentic.

   Usage: Real, Actual. Real represents a thing to be a substantive existence; as, a real, not imaginary, occurrence. Actual refers to it as acted or performed; and, hence, when we wish to prove a thing real, we often say, ``It actually exists,'' ``It has actually been done.'' Thus its reality is shown by its actuality. Actual, from this reference to being acted, has recently received a new signification, namely, present; as, the actual posture of affairs; since what is now in action, or going on, has, of course, a present existence. An actual fact; a real sentiment.

   For he that but conceives a crime in thought, Contracts the danger of an actual fault.
   --Dryden.

   Our simple ideas are all real; all agree to the reality of things.
   --Locke.

n. (context legal English) Property in the form of land as opposed to personal possessions; real estate.

n. property consisting of houses and land [syn: real estate, realty]

In English common law, real property, real estate, realty, or immovable property is any subset of land that has been legally defined and whose improvements come from human efforts. This includes buildings, machinery, wells, dams, ponds, mines, canals, and roads, among other things. Real property and personal property are the two main subunits of property in English common law.

In countries with personal ownership of real property, civil law protects the status of real property in real-estate markets, where estate agents work in the market of buying and selling real estate. Scottish civil law calls real property "heritable property", and in French-based law, it is called immobilier ("immovable property").