What is defined as "real property"?

The definition of "real property" encompasses both the land itself and any structures or improvements that are permanently attached to that land. This includes buildings, fences, roads, and any other fixtures that are considered immovable. The key factor in this definition is the permanence of these attachments; they cannot be removed without causing damage to the property. This distinction is important because real property conveys specific legal rights associated with land ownership, such as the right to sell, lease, or use the property.

In contrast, the other options focus on limited definitions or unrelated aspects. For instance, discussing only the land without any attachments ignores the substantial value and rights that come from the improvements on that land. Mentioning personal property used for business purposes mischaracterizes real property, as personal property refers to movable items not attached to real estate. Lastly, defining real property simply as a term related to real estate transactions does not capture the full scope of what constitutes real property as recognized in real estate law.