Title: Real Estate legal definition of Real Estate
Headings: Real Estate
Real Estate
Real Estate
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Content: Real Estate legal definition of Real Estate
Real Estate
Also found in: Dictionary, Thesaurus, Medical, Financial, Acronyms, Encyclopedia, Wikipedia . Real Estate
Land, buildings, and things permanently attached to land and buildings. Also called realty and real property. Real estate is the modern term for land and anything that is permanently affixed to it. Fixtures include buildings, fences, and things attached to buildings, such as plumbing, heating, and light fixtures. Property that is not affixed is regarded as Personal Property. For example, furniture and draperies are items of personal property. The sale and lease of real estate in the United States are major economic activities and are regulated by state and federal laws. The two major types of real estate are commercial and residential real estate.