a portion of the earth's surface extending downward to the center of the earth and upward infinitely into space, including all things permanently attached to it, whether naturally or artificially.
The tangible assets of land and buildings; the "bundle" of rights associated with the ownership and use of the physical assets; and the industry, or business activities, related to the acquisition, operation and disposition of the physical assets.
What is Real Estate?
the SPACE, the enclosures that shelter activities
Physical Asset Rights from owning a property Profession/Industry
Real Estate Physical asset
- The land and all the permanent attachment to the land - Tangible versus intangible - Improvements on the land, improvements to the land - Real Property versus personal property