MANAGEMENT

Detailed explanation-1: -Real property refers to land and any property which is directly attached to it, including any subset of land which has been changed by legitimate human acts. Examples of real property can include ponds, buildings, reservoirs, canals, roads, and machinery.

Detailed explanation-2: -Real property is a broader term and includes the land itself and any buildings and other improvements attached to the land. It also encompasses the rights of use and enjoyment of certain land, as well as any of its improvements.

Detailed explanation-3: -Your furniture, appliances, clothing, sports/hobby equipment, and electronics are all regarded as personal property.

Detailed explanation-4: -To begin with, firstly, remember these major types of property: Movable property and Immovable property. Tangible property and Intangible property. Private property and Public property.

Detailed explanation-5: -It can be of two broad types – tangible and intangible. Tangible can include automotive vehicles, industrial equipment, furniture, and real estate. Real estate is called “real property”. Intangible describes those assets that have current or potential value but do not have any intrinsic value of their own.