ELI5: Explain Like I'm 5

Real Property

Real property is like a big puzzle piece that you can physically touch. It's usually a piece of land with a house or building on it.

When you own real property, it means you own the land and everything that is attached to it like trees or the grass. You can also own the buildings and everything inside it like furniture or appliances.

When you want to buy real property, you have to make a contract called a "deed" that says you own it. This means you can do things like paint the walls, put in new windows or even sell it to someone else.

But owning real property also means you have to take care of it. This means you have to make sure the building is safe to live in, like fixing any damage or keeping it clean. You also have to follow rules from the government like paying taxes on it and not doing things that are illegal.

Real property is a big commitment, but owning it can be a great way to have a place to live and build a future.