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: 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. 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.