Real estate refers to the property comprising of buildings and its natural assets such as land, trees or mineral resources; immovable property of this type; an interest in it by the owner, in the form of ownership or an asset, in general; buildings, and other immovable properties for which there is no mortgage. Click here – jamescolincampbell.com
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The term “Real estate” can also be used to mean the actual land or any building which is used or intended for use for purposes of residential or commercial purpose. Real estate includes all the lands, buildings, and improvements on them, with the exception of private houses and buildings for the exclusive use of the owner and tenants. It also covers the right to take possession of the same, without any obligation to return the property to its former condition, if the owner should choose to do so.
Real estate includes real estate outside a town or city, except where an international boundary has been drawn around the country. It is the owner’s right to retain and control the property in question, and he owns it free and clear. The owner may make improvements and additions to his land or buildings and use them for the benefit of the public at large or to produce a profit for him personally.