The property is a good, considered as root good, as a consequence that it is closely linked to the soil or terrain in which it is found, so that it will be impossible to separate both physically and legally.
Very immobile that has a special roots in the ground: urbanized plots, houses, apartments ...
Examples of buildings are urbanized or not urbanized plots, houses, industrial buildings, farms, apartments.
That is, the property is a very immobile to which it may not be transferred in any way or separated from the ground without causing harm and damage to it, either because it is part of the land or because it is anchored in it.
Real estate, such as houses or apartments, is normally used for family housing and commercial offices in which companies carry out their business.
Of course, depending on the destination they hold, the real estate will have special characteristics, for example, real estate for offices are usually free floors, without divisions, while those for housing have sectors and divisions: kitchen, living room, rooms, among others.
Typically, real estate is located registered in a special registry called Horizontal Property Registry, a situation that attributes greater protection to their owners.
When a person acquires a real estate, he must pay the price to the seller or the builder of the same, a public document called a deed will be signed, with the intervention of a notary public who will attest to the fact, and who will be the one who will grant it validity. of the property to its owner.
Mortgage and rental objects
They are also goods that can be mortgage objects, in the event that their owners use them as collateral to ensure the fulfillment of an obligation contracted, for example to access a loan from a bank; the financial entity will take the property as a guarantee of payment of that credit that it delivers to the client. If it does not comply with the obligations of the agreement, it will lose that guarantee, that is, the property.
Also real estate is plausible to be rented by its owners and thus obtain a return on them.
Many people around the world who have savings, instead of investing them in financial or stock market alternatives, decide to invest them in the purchase of a house or an apartment that they will then rent to be able to receive a monthly income, if they make a contract typical and traditional rental of two or three years.
On the other hand, at present, it is common for apartments bought as an investment to be rented temporarily, six months for example, since the rental amount is more profitable.
The choice of this type of investment has to do with the security it proposes, apart from the fact that the profitability may not exceed other alternatives in the financial or stock market fields. Because the apartment, the house, is there, it is tangible, safe, and the owner decides when to rent it, when to sell it, meanwhile, another type of investment may be riskier, although of course it offers better economic benefits.
Taxes levied on them
At tax law or tax law, which is the branch of public law that establishes the rules from which the state exercises its tax power with the mission of obtaining income from individuals that serve to cover public expenses, real estate is plausible of various taxes , how to be: real estate tax, income tax, tax on the increase in the value of urban land and wealth tax.
Classes of real estate
There are different types of real estate such as: real estate by nature (soil and subsoil), real estate by incorporation (buildings), real estate by destination (the property is joined by elements that favor it), real estate by analogy (mortgage concessions), real estate by accession (doors, windows, entrance to garages), real estate by representation (the deed that grants ownership of the property).
Conversely, movable assets are those that can be moved from one place to another while preserving their integrity; some examples of this type of good are cars, motorcycles, boats, planes, among others.
Typically, real estate is more expensive than personal property.
