real property > define
noun
- Property consisting of houses and land.
- synonyms: real estate, realty, immovable
by WordNet 3.0 © 2006 by Princeton University
Informally used to refer to land or buildings. As defined by Federal banking regulations governing appraisals,' real property' is: an identified parcel or tract of land including improvements, easements, rights of way, undivided or future interests, and similar rights but excluding mineral rights, timber rights, or growing crops. Note that under state law in many states, growing crops, timber, and minerals that have not been separated from the land are also included in the definition of real property.
(DoD) Lands, buildings, structures, utilities systems, improvements, and appurtenances thereto. Includes equipment attached to and made part of buildings and structures (such as heating systems) but not movable equipment (such as plant equipment).
by Department of Defense Dictionary of Military and Associated Terms. 31 January 2011.