Real Property (Noun)
Meaning
Property consisting of houses and land.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The purchase of real property typically involves a significant investment of money and time.
- The county assessor's office is responsible for determining the value of all real property within the county.
- She decided to invest in real property as a way to diversify her portfolio and earn rental income.
- Real property is a valuable asset that can appreciate in value over time, making it a popular choice for investors.
- The attorney specialized in real property law and had handled numerous cases involving disputes over land ownership.