What does "real property" include?

Prepare for the New Mexico Property and Casualty Test with our interactive quiz. Utilize flashcards, multiple-choice questions, and detailed hints to enhance your study sessions and ensure exam success. Ace your exam with confidence!

Real property encompasses land and anything that is permanently attached to it. This includes buildings, fences, trees, and other fixtures that are affixed to the ground. The defining characteristic of real property is its permanence; it can't be easily moved without altering its nature.

This distinction is important in property law because it affects ownership rights, transactions, and taxation. Real property contrasts with personal property, which refers to movable items such as vehicles and personal belongings. Understanding what constitutes real property is essential, especially in contexts like real estate transactions, where the rights associated with land and attached structures play a significant role in legal agreements.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy