What does real property encompass?

Real property encompasses physical property such as land and buildings, which makes it the most complete and accurate choice among the options provided. This definition recognizes that real property includes both the land itself and any structures or improvements affixed to it, such as houses, commercial buildings, and other developments.

This broader definition aligns with the legal understanding of real property, which not only considers the physical aspects but also the rights of ownership associated with the property. Understanding real property in this way includes recognizing that it involves various interests and rights that come with owning land and buildings, such as the right to use, lease, or sell the property. Thus, the correct choice reflects the comprehensive nature of real property in the context of real estate law and ownership.