What does the term "real property" refer to?

The term "real property" encompasses a broad definition that includes not only the land itself but also everything that is permanently attached to it, extending from the surface downward to the center of the earth and upward into the sky. This definition highlights that real property includes the land as well as any natural resources, buildings, and fixed structures located on it, emphasizing the idea of land ownership in its entirety.

This comprehensive understanding of real property is foundational in property law, as it creates distinctions between different types of property interests and rights. The other choices focus on narrower interpretations, such as just the physical structures, government ownership, or rental agreements, which do not encompass the full scope of what real property entails. Therefore, the definition accurately captures the complexity and legal significance of real property.