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: 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. Residential real estate involves property used for residential purposes – for example, single-family homes, townhouses, condos, duplexes, etc. Commercial real estate, on the other hand, refers to property used exclusively for business purposes, such as offices, hotels, shopping centers, gas stations, grocery stores, and hospitals. Industrial real estate involves property for industries that involve manufacturing, production, distribution, and storage. Some examples for industrial real estate include factories, power plants and warehouses. The category of land involves undeveloped property, agricultural land and vacant land.