Real property or real estate is land and everything that is permanently attached or affixed to the land—buildings, fences, and those things attached to the buildings, such as light fixtures and plumbing and heating fixtures.
Real property includes the legal rights of ownership—such as the rights to possess, sell, use, lease, and enjoy the land. The terms real property and real estate are generally synonymous.
Land is generally defined as the earth’s surface, extending downward to the center of the earth and upward to infinity—including everything that is permanently attached by nature, such as trees and water. Land includes minerals below the earth’s surface and airspace above the land.
Real property is often classified and referenced according to its use as residential, commercial, industrial, agricultural, or special purpose property. Real property is generally contrasted with personal property, which includes all movable, tangible things that are not real property.
In Mississippi, real property, also known as real estate, encompasses land and any permanent structures or attachments on it, such as buildings and fences, as well as fixtures like lighting and plumbing systems. The legal rights associated with real property include the ability to possess, sell, use, lease, and enjoy the property. The definition of land in Mississippi extends from the surface to the center of the earth and up to the airspace above, including natural attachments like trees and bodies of water, as well as subsurface minerals. Real property is categorized based on its use, which can be residential, commercial, industrial, agricultural, or special purpose. This categorization can affect zoning, taxation, and regulatory matters. Unlike real property, personal property refers to movable items that are not affixed to the land. Mississippi state statutes and federal laws govern the ownership, transfer, and use of real property, and these laws are enforced through the state's legal system.