What a real estate?
A real estate is a tangible object that cannot be moved in space without losing its nature or essence.
Assets are the possessions or properties that a natural or legal person has These constitute his heritage. One of the important classifications that can be made of assets divides them into movable or immovable.
- Property that can be moved from one place to another is called movable property..
- On the contrary, real estate is tangible objects that cannot be moved in space without losing their nature or essence.
This classification is established by article 333 of the Civil Code and comes from Roman law..
All things that are or can be appropriated are considered as movable or immovable property.
Real estate real estate is tangible objectsalso includes land,houses, buildings, farms, garages, fences, structures, utility systems, etc.
The property title of a real property gives right to its surface,and sometimes, as the case may be, to air and mineral rights. Those rights can be bought or sold,, leased or transferred together or separately.
Real estate must be compulsorily registered in the Property Registry..