What type of property is defined as land, buildings, and their structural components?

The definition of the type of property in question references land, buildings, and their structural components, which clearly fits the classification of real property. Real property encompasses any fixed property that is immovable, such as land itself and anything permanently attached to it, like buildings or other structures. This distinction is crucial in tax law and assessment, as real property is subject to property taxes assessed by local governments based on its value.

In contrast, personal property usually includes movable items not affixed to land, like vehicles, equipment, or furniture, which do not fit the definition presented. Residential property specifically refers to types of real property primarily used for living accommodations, such as homes or apartments, while commercial property is a subset of real property used for business activities, such as offices or retail shops. Thus, while residential and commercial properties fall under the broader category of real property, they do not encompass the full range of land and structural components defined in the question.