Sample Solution from
Real Estate Finance And Investments
6th Edition
ISBN: 9781259919688
Chapter 1
Problem 1Q
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Summary Introduction

To explain: The difference between real property and individual property.

Expert Solution

Explanation of Solution

The differences among real property and individual property are as mentioned below:

  • Real property refers to the property which is permanently attached with the land. On the contrary, personal property refers to the property which is not permanently attached with the land.
  • Real property is an immovable property. On the contrary, personal property is a movable property.
  • Examples of real properties are building, canals and roads. On the contrary, examples of personal properties are money, vehicle and furniture.
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