Real property includes which of the following elements?

Real property encompasses a range of elements beyond just the physical structures, land, or natural features. The correct answer identifies that real property includes not only the land itself but also the rights of ownership associated with it. These rights extend to various air and mineral rights, which are critical in real estate.

For instance, ownership typically means having the authority to use, lease, or sell both the surface of the land as well as any resources that may be found below the surface, such as minerals or oil. Additionally, air rights allow property owners to control the space above their land, which can be valuable in urban areas where vertical expansion is possible.

This holistic understanding of real property is essential for navigating real estate transactions, zoning laws, and property development potential. The other options reflect a limited or incorrect perspective on what constitutes real property, focusing solely on one dimension rather than the comprehensive scope of ownership rights.