A property is considered to be immovable when its transfer from one place to another is not possible. For example, a house is real property. In other words, a real estate is attached to the ground where it is located. For this reason they are also designated as real estate .
As its name indicates, a real estate must give us the guideline that it is a type of immovable property, that is, that it cannot be moved without causing partial or total damage to it.
See also: Examples of personal property
Important distinction about the term
It is important to clarify that although the term real estate is considered land or land, this term, in general terms, is used to designate those buildings that are found as real estate built on such land, for example, a factory, a premises, a housing, etc.
In the following sentence we can see how this term is used correctly:
” This property presents high-class details: Jacuzzi with hydromassages, underfloor heating in each room, en-suite bedroom and service room with separate entrance .”
Legal conditions of real estate
From the legal point of view, it is important to indicate that all immovable property must be registered in a registry called “property registry ”. Also, in mortgage cases this type of property is what is used for such purposes.
From the point of view of tax law, each property needs to pay certain taxes. These can be: taxes on the land and its value, on income, on the size of the property, etc.
There is a tax called ” property tax ” ( IBI ). Said tax must be paid on a mandatory basis to the entity or institution that regulates and collects said tax. This regulatory body may be a municipality, the State.
This tax does not arise randomly, but rather is calculated in proportion to the appraised value of said good.
Taxes are determined by each country, nation, or state .
Indivisible characteristic of real estate
It is important to clarify that this type of property is not only inseparably linked to the ground or subsoil, but is also legally linked. That is, if we have a certain land in our name and we want to build a house (for example), once it is finished it will be listed as our property unifying next to the land.
Types of real estate
There is a distinction regarding the type of goods. These might be:
- Assets by nature (soil or subsoil)
- Assets by incorporation (this is the case of constructions)
- Goods by destination (are goods that are used, for the benefit of the property. For example, tools for tilling the land).
- Goods by analogy (they are mortgages).
- Assets by accession (this is the case of doors, windows, kitchen appliances, bathtubs or tubs that, although they are personal property, are embedded within the real estate and become part of it).
- Assets by representation (documents that prove that said real estate belongs to a person or group of people is considered a real estate by representation, for example, a property title is accredited by accreditation).
It is important to make a clarification and distinction of great importance. Although we have already mentioned the characteristics of movable and immovable property, there is a case in which it is important to stop to make a clarification: in cases where an apartment (apartment) is furnished, it generally meets such furniture. such as refrigerator, kitchen, tables, chairs, furniture, etc. These types of assets are considered as part of the real estate. In other words, these become part of the property even though they are strictly personal property.
Examples of real estate
- Land (regardless of its extension)
- Apartment (can be the entire building or just an apartment)
- Title deeds