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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.
Definition of Real Estate and Real Property Law The legal definition of real estate or real property is land and the buildings on it. Real estate law governs who may own and use the land.