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rohit @sahu786
Jun 07, 2012 01:09 PM, 5008 Views
Real state article

Real estate is "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this;(also) an item of real property;(more generally) buildings or housing in general. Also: the business of real estate; the profession of buying, selling, or renting land, buildings or housing.


In the laws of the United States of America, the’real’ in’real estate’ means relating to a thing(res/’rei’, thing, from O.Fr.’reel’, from L.L.’realis’’actual’, from Latin.’res’, ’matter, thing’), [ 3 ] as distinguished from a person. Thus the law broadly distinguishes between’real’ property(land and anything affixed to it) and’personal’ property or chattels(everything else, e.g., clothing, furniture, money).


The conceptual difference was between’immovable property’, which would transfer title along with the land, and’movable property’, which a person could lawfully take and would retain title to on disposal of the land.

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