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Real estate
Distinction between land, real estate and real property.
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[QUOTE="Suba, post: 335467, member: 3658"] 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. [/QUOTE]
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Distinction between land, real estate and real property.
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