What is the definition of real property?

The definition of real property encompasses both the land itself and anything that is permanently attached to it, such as buildings, trees, and other structures. This includes both natural and man-made improvements that become a part of the land. The core concept is that real property refers to immovable property, which is distinguished from personal property, or movable property. This distinction is important in real estate, as it helps determine ownership rights, usage, and taxation.

The other options do not accurately capture the full scope of what constitutes real property. For example, the first option mentions only land that is not improved, which ignores the integral components that can be permanently attached to the land, such as buildings or fixtures. The third option refers to movable property, which is typically categorized as personal property, and does not relate to real property in the context of real estate. The fourth option about property owned by a corporation is irrelevant, as ownership status does not define whether a property is real or personal; rather, it is the nature of the property itself that determines its classification. Thus, option B is the most comprehensive and accurate definition of real property.