Real Estate as defined by most states is land, and anything permanently affixed to it along with the subsurface (all things below the land) and the air above. Everything else that can be owned is described as Personal Property, or Chattel.
Along with land and home ownership go a "Bundle of Rights." These rights include:
The Right of Possession (If you rent the property, you have the right to possess it.)
The Right to Use (The right to fish, farm, hunt, etc. so long as it is legal and does not bother or disturb others from using their land.)
The Right to Transfer (The right to sell the property.)
The Right to Encumber (The right to use as collateral, or borrow against.)
The Right to Exclude (The right to post No Trespassing signs, and prosecute violators.)
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