1. Real property is the land, all that is forever appended to the land, and the entirety of the privileges of proprietorship, including the option to have, sell, rent, and appreciate the land. Real property can be characterized by its overall use as private, business, rural, mechanical, or unique reason. All in all, Real property is the land, everything for all time connected to it, and the entirety of the interests, advantages, and rights natural in the responsibility for domain. In nations with individual responsibility for property, common law ensures the status of genuine property in land markets (Perzanowski & Schultz, 2014).