What does real property combine?

Real property encompasses both tangible and intangible attributes. Tangible attributes refer to the physical aspects of the land, such as soil, trees, water, and buildings. These are the material elements that can be seen and touched. Intangible attributes, on the other hand, include rights associated with the land, such as air rights, mineral rights, and the rights of ownership that confer certain legal power over the property.

This combination is essential because it reflects the full scope of what real property represents—it's not just the physical land and structures on it, but also the legal entitlements and privileges that come with ownership. Understanding this holistic view is crucial for anyone involved in real estate, as it affects valuation, zoning regulations, and the potential uses of the property.