What does the term "real property" encompass?

The term "real property" specifically refers to immovable properties, which include land and anything that is permanently attached to the land, such as buildings and other structures. This definition distinguishes real property from personal property, which encompasses movable items and tangible assets that are not fixed to the land.

Real property cannot be easily moved without altering its foundational connection to the land. The legal principles surrounding real property cover ownership rights, interests, and the transfer of these immovable assets.

While options that mention properties rented for commercial purposes or only lands owned by businesses focus on specific aspects of property use, they do not encapsulate the broader definition of what real property is. Therefore, the most accurate description of "real property" is that it comprises immovable properties like land and buildings, which is why this answer is definitive.