One word answer: Land.
When you are talking about real estate, you are talking about land, an interest in land, or some right having to do with land. Real property is land and things that are attached to land. The "place to live" idea is irrelevant. Think Land. Condos are real estate, because they have an interest in land. Vacant land is real estate. Trailers and manufactured homes in parks are places to live, but they are not real estate, because there is no ownership interest in land.
2006-10-14 03:42:00
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answer #1
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answered by Searchlight Crusade 5
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From the surface of the earth to the center of the earth and from the surface of the earth up to infinity. All apurtenants to the real estate permanently affixed are considered real estate. Along with the Bundle of Rights theory associated with the real estate.
Sounds ok, but in reality no one ever gets mineral rights in a residential sale of property and you can't own airspace in America, 2500 feet above ground level.
Good Luck.
2006-10-14 02:35:43
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answer #2
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answered by Anonymous
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From the surface of the earth to the center of the earth and from the surface of the earth up to infinity. All apurtenants to the real estate permanently affixed are considered real estate. Along with the Bundle of Rights theory associated with the real estate.
2006-10-14 02:24:57
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answer #3
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answered by newmexicorealestateforms 6
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From the surface of the earth to the center of the earth and from the surface of the earth up to infinity. All apurtenants to the real estate permanently affixed are considered real estate.
They are related to the Property we own and can sell it and make profit.
2006-10-14 02:29:28
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answer #4
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answered by Anonymous
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Real estate, or immovable property, is a legal term (in some jurisdictions) that encompasses land along with anything permanently affixed to the land, such as buildings. Real estate is often considered synonymous with real property (also sometimes called realty), in contrast with personal property (also sometimes called chattel or personalty). However, for technical purposes, some people prefer to distinguish real estate, referring to the land and fixtures themselves, from real property, referring to ownership rights over real estate.
The terms real estate and real property are used primarily in common law, while civil law jurisdictions refer instead to immovable property. Property law, the area of the common law that governs real property, differs from contract law in that it focuses primarily on rights that one person holds over all other people, as opposed to specific individuals.
2006-10-14 02:32:46
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answer #5
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answered by warmhearted 3
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Property.
2006-10-14 02:29:03
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answer #6
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answered by ssmithblueskies 2
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