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Real property is property in the form of land, what lies beneath the land, and objects fixed to the land. For example, if someone owns a house, this is considered real property, as are the mineral deposits underneath the house and the land the house physically stands on. This type of property is very important type in property law, and there are a number of laws which pertain to the handling of this type of property. Laws vary by region, with different areas having different legal standards. Another type of property is personal property, which is contrasted from real property by being movable. A house is real property; the couch inside is personal property. A third type of property is known as intellectual property. Each type is treated differently under the law, with various laws pertaining to ownership, right to use, and other issues.
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