What is the definition of "real property"?

The definition of "real property" encompasses land and anything permanently attached to it, such as buildings and improvements. This comprehensive definition is crucial because it clarifies that real property is not just the physical land alone but also includes all fixtures and enhancements that contribute to the property's value. This understanding is important for real estate transactions, property assessments, and legal considerations, as it helps determine the total extent of ownership and the rights associated with that property.

Other options do not provide a complete or accurate view of what real property entails. For instance, defining it only as the physical land excludes significant elements that contribute to a property's overall value and usability. Similarly, the options referring to financial investments or leasing agreements do not accurately reflect the core legal concept of real property, which centers on land and its inherent improvements.