What does real property refer to?

Real property encompasses land and any improvements that are permanently affixed to it, such as buildings, roads, fences, and other structures. This definition is essential in real estate as it distinguishes real property from personal property. The permanence of these improvements is a key characteristic; when something is permanently affixed to the land, it becomes part of that land and is treated as real property.

The other options do not capture the full scope of what real property includes. Focusing solely on the land, buildings, or movable personal property fails to account for improvements that are integral to the land itself. Thus, the comprehensive nature of real property involves both the land and the enhancements that contribute to its value and usability.