The property is a term related mainly to the real estate properties. One of its characteristics is that they are tied to the ground, that is, united in such a way that they cannot be separated, among the real estate are the plots, farms, houses. They are assets that cannot be separated from the land on which they are without suffering any damage, despite the fact that in many industrialized countries have moved old structures like houses from centuries past to locations in other land.
There are several definitions and types of what can be understood by real estate, which is important to keep in mind to better understand and have a precise idea of its definition.
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In this article you will find:
Real estate according to civil law
In civil law the difference between movable and immovable is especially important, so there are some differences that can be pointed out to establish which is which:
- The fundamental difference or main characteristic according to civil law, is that the property, which are also known as real estate, can be registered in the Real Estate Registry, which gives the owner greater protection
- Real estate can be mortgaged.
Real estate in tax law
In this regard, real estate can be taxed, so it is necessary to describe them clearly and know what the taxes are subject to this type of property.
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- Real estate tax: It is a tribute of a real nature that concerns the farms, it must be paid annually according to the tax appraisal of the property.
- Tax on the increase in the value of the land: this tax is related to the value of the urbanized land and is also a real tribute, To know how much to cancel it is necessary to know the years that have elapsed since the last change of ownership.
- Income tax: It is a tax of 2% of the property value that must be paid, when certain conditions apply to a certain property, is known as a presumed income, when a certain real estate is not used by the owner.
- Wealth tax: This is another tax related to real estate according to tax law and that has to do with the personal net worth, which also affect those assets while they become part of the patrimony net.
Types of real estate
- Real estate by nature: They are those goods that cannot be transported, that is, they are fixed goods, their classification also describes them As main assets, this type of real estate can be the ground or even something like the river in some property.
- Real estate by incorporation: this type of property refers to constructions, here also those properties considered as Real property by destination, which is property to which furniture is added that gives more value to the property or services
- The doors or windows despite being movable, once installed in a commercial premises, factory or anything they become real estate by accession
Movable and immovable property
The way in which movable and immovable property are divided has consequences when configuring the real security rights, in this way it is worth Note that the pledge has been reserved for movable property since these may have a possessory displacement, however, the mortgage is suitable for real estate since although it does not have a possession movement this is not really necessary with respect to the guarantee since the creditor has the same protection.
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Remember that movable property is those that can move and keep its integrity intact.
What are rustic properties?
They are defined as those agricultural constructions, therefore, they are related to agricultural or livestock activity and are characterized by being indispensable for the development of these activities, such as farms, farms and fields of culture.
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What are urban real estate?
In this category of real estate, are all those buildings in populated areas, cities or urbanizations, such as houses or commercial premises, these properties may have a higher or lower value in the market depending on your location.
Importance of real estate
These goods are fundamental in the development of the economy and in many authoritarian political systems they play a fundamental role on the part of state control. As in board games like monopoly, having a large sum of real estate will make you rich and for this reason many of the richest and most influential people decide to invest in this type of property, since if you invest well in them their value can grow with the weather.
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Real estate and private property are concepts that go hand in hand and are part of human rights.
