Distinction between land, real estate and real property.

[Manzo mabe]

Terminologies such as land, real estate and real property are mostly interchanged but their difference is quite clear.

Land comprises of the part of the earth form the surface to the center of the earth and the air above to the height of trees and elevated structures. Land has characteristics ranching from immobility, indestructibility, uniqueness and the fact that each parcel of land differs with geographical locations.

Real estate on the other hand, comprises of land plus any
Man made permanent structures. Whatever addition made to landed properties is called an improvement to the real estate and that draws to it additional valuation.

In addition, real property differs from the other two discussed above, by the rights allocated or inherent to it's ownership or usage.

 

[Suba]

Your definition is correct, so I just need to provide more detailed information. In the world of real estate, we can define land as a plot of land that will be used as a development project, be it housing, offices, malls, factory buildings, schools, etc. The difference between property and real estate is only in the physical form and ownership rights, property will emphasize more on ownership and rights to land and buildings, while real estate is only on the physical form and buildings, so real estate is part of property. If you have rights to land either with or without a building, it means you own real property, but if you only rent land and then you build a building on that land, it means you own real estate. If you buy an apartment, it means you own real estate because you do not have rights to ownership of the land where the apartment is built.

 

[lexfurther]

Real estate, on the other hand, consists of land and any permanent man-made structures built upon it. Any enhancements made to land are considered improvements to real estate, leading to increased valuation. Furthermore, real property differs from land and real estate in terms of the rights associated with its ownership or usage. For further clarification or discussion on these topics, you might want to consider seeking out Ezcorp reviews, a financial organization that could provide additional insights.