Primary tabs. Not ownership of a thing, but ownership in a right related to a thing. For example, if you own piece of land, that is corporeal ownership. But if you own a right of way on that piece of land, that is incorporeal ownership.

Non-corporeal (or incorporeal) is a term used to describe lifeforms or objects with a natural form which lacks substantiality. This usually means the lifeform or object is composed of gas or, more commonly, energy. For example, a ghost would be considered non-corporeal.

Types of Property

• Movable and Immovable Property.
• Tangible and Intangible Property.
• Private and Public Property.
• Personal and Real Property.
• Corporeal and Incorporeal Property.

A share is movable property in terms of the Act; it may be corporeal or incorporeal. In the context of common law, the share is incorporeal as it represents a complex of incorporeal rights and duties.

Intangible property is property that does not derive its value from physical attributes. Patents, software, trademarks and license are examples of intangible property. On the other hand, business furniture and equipment are examples of tangible personal property.

Intangible Synonyms – WordHippo Thesaurus….What is another word for intangible?

Tangible assets are physical; they include cash, inventory, vehicles, equipment, buildings and investments. Intangible assets do not exist in physical form and include things like accounts receivable, pre-paid expenses, and patents and goodwill.

Tangible assets, sometimes referred to as tangible fixed assets or long-lived tangible assets, are divided into three main types: property, plant and equipment. Property includes the building and land where the business operates. Plant refers to the area in which workers manufacture products or render services.

Tangible is defined as a real thing that can have value. An example of tangible is a car when discussing someone’s will.

Real property—such as land or most kinds of buildings—is not movable. Examples of tangible personal property include vehicles, furniture, boats, and collectibles. Personal property can be intangible, as in the case of stocks and bonds.

Everything you own, aside from real property, is considered personal property. Your bank accounts and any other financial assets such as investment accounts also count as personal property.

Real estate is property in the form of land and buildings, rather than personal possessions. Real estate businesses or real estate agents sell houses, buildings, and land. [US] …the real estate agent who sold you your house.

noun. property, especially in land: three acres of real estate. real property.

A simple definition of real estate is? Air, water, land, and everything affixed to the land.

Real estate is the land along with any permanent improvements attached to the land, whether natural or man-made—including water, trees, minerals, buildings, homes, fences, and bridges. Real estate is a form of real property.

When a single individual or entity owns a fee or life estate in a real property, the type of ownership is: tenancy in severalty.

Location, location, location. All real estate is local, with every property being unique in terms of location, physical structure, and financing. This is why the most successful investors have a team in each geographic area of their real estate investments, because of the heterogeneity of real estate.

The two types of life estates are the conventional and the legal life estate. the grantee, the life tenant. Following the termination of the estate, rights pass to a remainderman or revert to the previous owner.

fee simple subject to condition subsequent. fee simple subject to executory interest. fee splitting.

Fee simple estate. The highest estate allowed by law. An inheritable ownership interest of indefinite duration. Under the proposed definition, fee simple estate would refer to the duration of a possessory right, not to which interests may or may not encumber that estate.

The fee simple owner has the right to possess, use the land and dispose of the land as he wishes — sell it, give it away, trade it for other things, lease it to others, or pass it to others upon death.