Real Property refers to any physical, tangible asset that has a value and can be owned. This includes land, buildings, houses, machinery, equipment or anything else that is fixed in place and cannot be easily moved without causing damage. Real property is distinguished from personal property which refers to movable assets such as furniture, clothing, cars etc. The term "real" indicates a tangible asset connected to the land, whereas "personal" refers to moveable assets not attached to the land or any building.