Archive for November, 2009

Terminology of Real Estate

Sunday, November 1st, 2009

The term ‘Real Estate’ relates to a particular thing and thus is different from an actual person. This particular law governing real estate therefore largely differentiates between the two terms “personal property” and “real property”. These two terms are different from each other in the sense that the former means anything from money, clothing, and car while the latter that is real property strictly refers to land and anything and everything affixed to that particular plot of land.

Real property primary means or generally refers to immovable property while personal property is usually referred to stuff that can be moved with ease from one place to another. As per historical sources the oldest usage of real estate was in the 17th century or in 1666 AD to be precise. Real property mainly refers to land and its ownership and also thus reflects all the feudal laws that are prevalent at that particular time period.