The terms "real estate," "property," and "cadaster" Jamal Numan refer to different but related concepts in the context of land and buildings. Here's a brief breakdown of each term:
Real Estate:Refers to land and any permanent structures on it, such as buildings, homes, and other improvements. Real estate can also encompass natural resources found on the land, like minerals, crops, or water. Real estate can be categorized into various types, including residential, commercial, industrial, and agricultural real estate. It is primarily used in the context of buying, selling, leasing, or developing land and buildings.
Property:A broader term that encompasses real estate but also includes personal property, which refers to movable items that are not permanently attached to the land or buildings (e.g., vehicles, furniture, electronics). In legal terms, "property" can refer to ownership rights over both real and personal items. It denotes anything that can be owned, whether it's physical or intangible (like intellectual property).
Cadaster (or Cadastral System):Refers to a comprehensive land recording system that provides detailed information about land parcels, including boundaries, ownership, use, and value. The cadaster is used for various purposes, including taxation, land registration, and urban planning. It typically includes maps, plans, and a registry of land ownership and rights. The cadaster is essential for land administration, helping governments regulate land use and manage property rights.
In summary, real estate is specific to land and structures, property is a broader term that includes both real estate and personal items, while cadaster refers to the systematic recording and management of land information and ownership.
My response is not from your Jamal Numan mentioned source; if you want to go more away from officially accepted knowledge, you may took a look at the works of Henry George, with respect to the role of real estate in human societies, e.g. economic rent.
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Progress and Poverty: An Inquiry into the Cause of Industrial Depressions and of Increase of Want with Increase of Wealth (1879)
In modern economic usage, rent is represented as the difference between the total return to a factor of production (land, labour, or capital) and its supply price—that is, the minimum amount necessary to attain its services.
The modern extension of this view is that the return to any other component in production may also contain elements of rent, consisting of the difference between the income of a productive factor and its real supply price or cost. Because the supply of land is fixed, the supply price of land is effectively zero and the whole of its return is rent. The supplies of labour and capital, on the other hand, are responsive to the prices offered for them, and the portion of their return regarded as cost will be greater for those with many alternative uses. The rent portion of a productive factor’s return also decreases as the analysis is shifted to the long run because there are more alternative uses open to economic resources in the long run
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Real estate refers to physical property and land, along with anything permanently attached to it, such as buildings, trees, minerals, and the benefits and rights associated with it. Property refers to something owned by an individual or a group, to which they have legal title. This could be tangible items, such as land, buildings, or an automobile, or intangible items such as intellectual property rights, patents, or trademarks. Cadaster, on the other hand, refers to a comprehensive land recording of the real estate or real property's metes-and-bounds of a country. It often includes details about ownership and value, and is used to determine property taxes.
Where does the term "real" come from? It comes from the English common law. "Real" actions were those that could culminate in somebody being required to do something or to stop doing something. An example would be if someone were trespassing and destroying a person's garden, the trespasser could be forced out.
I believe that the term "estate" implies that the property could be divided.
Thank you, guys, for the answer. Do you agree with the attached flowchart below, which illustrates the relationship between property, real estate, and cadaster?
Can we say that:
every real estate is a property, but not every property is real estate
every cadaster is a real estate, but not every real estate is a cadaster?
Real estate is not land and buildings. Instead, it is rights in land and buildings and other things "attached to the land". It is synonymous with realty.