Title: What is the Difference Between Property and Real Estate - Pediaa.Com
Headings: What is the Difference Between Property and Real Estate
What is the Difference Between Property and Real Estate
Key Areas Covered
Key Terms
What is Property
What is Real Estate
Difference Between Property and Real Estate
Definition
Nature
Types
Conclusion
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Content: Moreover, commercial property refers to buildings or land intended to generate a profit, either from capital gain or rental income. Most properties have current or potential monetary value; therefore, they are considered as assets. However, they can also be liabilities in some situations. For example, if a worker gets injured while using a company’s machine, the company may be legally responsible for paying compensation for the injured worker. Furthermore, the government and the law are obligated to protect property rights and help clarify ownership. What is Real Estate
Real estate refers to land and any permanent developments attached to the land (either natural or man-made) including buildings, fences, bridges, water, trees, and minerals. It also includes air rights above the land and underground rights below the land. To be more specific, real estate is real property. There are five main types of real estate as residential, commercial, industrial, land and special use.