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real property:

. . . land and anything affixed that is of a permanent nature whether natural or constructed; a real estate site with structures, equipment and elements of the environment that are not movable, thus adding to its value as a parcel of geography or land asset.

A land asset is defined as solid ground of material wealth. It is a real estate site used or available to produce capital. A land asset is a element of geography as suggested above. As such, it has a quality of value and is available or used in the production of wealth.


related: real estate terms; commercial and industrial real estate; site selection

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Economic Development Services, Inc. / copyrights and all rights reserved / 05/09/2013