Title: Legal Definition of Real Property
Headings: Legal Definition of Real Property
Legal Definition of Real Property
REAL PROPERTY
Corporeal Property
Incorporeal Property
Distinctions Between Real and Personal Property

Content: Distinctions Between Real and Personal Property
The principal distinctions between real and personal property, are the following: Real property is of a permanent and immovable nature, and the owner has an estate therein at least for life. It descends from the ancestor to the heir instead of becoming the property of an executor or administrator on the death of the owner, as in case of personalty. In case of alienation, it must in general be made by deed and in presenti by the common law; whereas leases for years may commence in futuro, and personal chattels may be transferred by parol or delivery. Real estate when devised, is subject to the widow's dower personal estate can be given away by will discharged of any claim of the widow. These are some interests arising out of, or connected with real property, which in some respects partake of the qualities of personally; as, for example, heir looms, title deeds, which, though in themselves movable, yet relating to land descend from ancestor to heir, or from a vendor to a purchaser. It is a maxim in equity, that things to be done will be considered as done, and vice versa. According to this doctrine money or goods will be considered as real property, and land will be treated as personal property.