Divorce Dex.com: Real Property

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Definition Real Property - land, buildings and immovable property, including all interests, benefits, and rights inherent in the ownership of physical real estate.

Application in Divorce Real property is immovable property.

Unlike personalty, which loses much of its value when it is resold, real property generally appreciates when it is given reasonable care and maintenance.

The transfer or sale of real property must be conveyed in writing.

Compare Personalty and Personal Property.

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