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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About the Author: Hasa

Content: This includes not only money and tangible things of value like land, vehicles and buildings, but also intangible things considered as a source or element of income or wealth. We classify property into two categories as real property and personal property. Real property includes all immovable property – land, growing plants, buildings, and other fixtures. In contrast, personal property includes movable property, such as goods, machinery, and animals. Intangible items like intellectual property, stocks, bonds, etc. also fall under personal property. There are different types and variations in the property. Common property occurs when more than one person has ownership of the same possession. The public property indicates the ownership by a governmental body such as the state, county or city governments or their agencies. Community property indicates joint ownership between husband and wife.