real property

Definition:

Property of the following kinds (a) freehold estates in land; (b) some interests in land that will subsist for a period of time of uncertain duration; (c) property in the deeds of title to land; (d) property in peerages and baronetcies. The term ‘real property’ derives from the Latin word res, ‘thing’. The common-law rule was that a wrongful possessor of an item of real property would be ordered by a court to give up the thing, or res, and restore it to its rightful owner, whereas a wrongful possessor of an item of any other kind of property was required to pay monetary compensation to the rightful owner, but not to give up the property. Also called ‘realty’.



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