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The document outlines the principles of real estate, defining it as a significant component of global wealth and economy. It discusses the distinctions between real and personal property, the legal rights associated with real estate, and the physical aspects of land and buildings. Additionally, it references various sources for further reading on real estate principles.

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4 views11 pages

Class - 1

The document outlines the principles of real estate, defining it as a significant component of global wealth and economy. It discusses the distinctions between real and personal property, the legal rights associated with real estate, and the physical aspects of land and buildings. Additionally, it references various sources for further reading on real estate principles.

Uploaded by

scribd204
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Principles

of
Real Estate

Dr. Amanat Ullah


 What is Real Estate ?
 The Value of Real Estate
 The Ownership of Real Estate
 Purchase and Sale of the Real Estate
 Real Estate Law and Property Rights
What is Real Estate ?

Esta
Re
• •
te
Right of the Land Earth

• • Specific Area

al
Environment of the
Land • Transferable

•Attached to the Land • Attached with People


• Transaction in
• Land Commercial
• Enjoy with Ownership
• Real Estate Definitions
• Physical Land and Appurtenances affixed to the
land (e.g., structures)
• Real Property
• All interests, benefits and rights inherent in the
What is Real

ownership of real estate


Estate ?

• Bundle of rights
• Personal Property
• Moveable items not permanently affixed to, or
part of, the real estate
4
Real and Personal
property?
Real property can become personal property
Personal property can become real property
• REAL Property • PERSONAL Property
What is Real Estate ?
What is Real Estate ?

Definition: Real
“Real estate isEstate
the single largest component
of wealth in the global economy. The
importance of real estate is highlighted in
terms of its roles in the global and domestic
economies, as well as its importance in the
investment portfolios of households.” [Ling & Archer,
Real Estate 4th ed]
What is Real Estate ?

• LAND includes:

• Earth’s surface
• lateral support
• subjacent support

• Materials under the


surface
• Substances, including water
• Minerals, oil & gas
What is Real Estate ?

Real Estate
Real estate in a physical sense is land and
buildings, things you can touch.

Real property is the physical + plus the


legal rights of ownership = the Bundle of
Rights
What is Real Estate ?

Personal Fixture
Property
An object that has been
A right or interest in attached to land so as to
things of a temporary or become real estate.
movable nature;
anything
not classified as real
property.
s ?
io n
es t
Q u
n y
e a
e r
e th
A r
•
Reference

1. Charles J. Jacobus (2010) Real Estate Principles, Eleventh Edition.


Cengage Learning 5191 Natorp Boulevard Mason, OH 45040 USA
2. David Adams and Craig Watkins (2002) Greenfi elds, Brownfi elds and
Housing Development. Iowa State Press, a Blackwell Publishing
Company, 2121 State Avenue, Ames, Iowa 50014-8300, USA
3. Simon Guy and John Henneberry (2002) Development and Developers:
perspectives on property. Blackwell Wissenschafts Verlag, Kurfue
rstendamm 57, 10707 Berlin, Germany

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