Real Estate in the context of "Real estate development"

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⭐ Core Definition: Real Estate

Real estate is a property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general. In terms of law, real relates to land property and is different from personal property, while estate means the "interest" a person has in that land property.

Real estate is different from personal property, which is not permanently attached to the land (or comes with the land), such as vehicles, boats, jewelry, furniture, tools, and the rolling stock of a farm and farm animals.

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👉 Real Estate in the context of Real estate development

Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. Real estate developers are the people and companies who coordinate all of these activities, converting ideas from paper to real property. Real estate development is different from construction or housebuilding, although many developers also manage the construction process or engage in housebuilding.

Developers buy land, finance real estate deals, build or have builders build projects, develop projects in joint ventures, and create, imagine, control, and orchestrate the process of development from beginning to end. Developers usually take the greatest risk in the creation or renovation of real estate and receive the greatest rewards. Typically, developers purchase a tract of land, determine the marketing of the property, develop the building program and design, obtain the necessary public approval and financing, build the structures, and rent out, manage, and ultimately sell it.

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Real Estate in the context of Anglo-Saxon charters

Anglo-Saxon charters are documents from the early medieval period in England which typically made a grant of land or recorded a privilege. The earliest surviving charters were drawn up in the 670s: the oldest surviving charters granted land to the Church, but from the eighth century, surviving charters were increasingly used to grant land to lay people.

The term charter covers a range of written legal documentation, including diplomas, writs and wills. A diploma was a royal charter that granted rights over land or other privileges by the king, whereas a writ was an instruction (or prohibition) by the king which may have contained evidence of rights or privileges. Diplomas were usually written on parchment in Latin, but often contained sections in the vernacular, describing the bounds of estates, which often correspond closely to modern parish boundaries. The writ was authenticated by a seal and gradually replaced the diploma as evidence of land tenure during the late Anglo-Saxon and early Norman periods. Land held by virtue of a charter was known as bookland.

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LINKED FROM (PARENTS)
← Real estate development ← Anglo-Saxon charters
LINKS TO (CHILDREN)
Natural resource → Real property → Housing → Personal property → Farm →