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Property is frequently defined as the rights of a person with respect to a thing. The difficulties with this definition have long plagued legal theorists. The same problem of definition occurs in non-Western societies as well. In Russia, for example, the word property (sobstvennost) can have various meanings.
Real property means land and buildings and anyproperty permanently attached to the land and/orbuildings in such a way that its removal wouldresult in substantial damage to the real property. 2 Rev. 3/07 lleti Tangible personal property is material property that is not classified as real property.