What is included in the definition of Real Property?

The definition of Real Property encompasses elements that are intrinsically tied to the land and cannot be moved without altering their nature. This includes land itself, any buildings or structures constructed upon it, utilities that serve the property, and equipment that is permanently affixed to the property.

The reasoning behind including these components is that Real Property reflects an enduring interest in a specific location that is not merely temporary or easily transported. For instance, buildings enhance the functionality of the land, while permanently installed equipment, such as HVAC systems or plumbing, is integral to the utility and value of the property.

In contrast, machinery, vehicles, and portable equipment are typically classified as personal property, as they can be moved and do not fall under the definition of Real Property. Similarly, furniture and movable items can be relocated and are not permanently associated with the land or structures, which clearly distinguishes them from the components defined as Real Property.