Real Property


According to Jean Murray (2015) Real property (Links to an external site.) is property that includes land and buildings, and anything affixed to the land. For a business, real property would include warehouses, factories, offices, and other buildings owned by the business. Real property only includes those structures that are affixed to the land, not those which can be removed, such as equipment.


You are the Operations Manager for a technology company. Your company is looking to expand its product line and in doing so it will need a larger or even second location. What considerations are taken into account for determining which solution is best? When you decide the solution how do you secure the property? Would any other item needed to expand the product line be considered real property?