What term describes land and anything attached to it, such as a building?

The term "real property" refers specifically to land and anything that is permanently attached to it, such as buildings, trees, and other permanent fixtures. This definition encompasses not just the physical land, but also the rights and interests associated with that land. Understanding this term is important in various contexts, particularly in law and taxation, where distinguishing between real property and other types of property can significantly impact legal rights and tax obligations.

Real estate generally refers to the market aspects of buying and selling land and buildings, but it doesn’t encompass the broader legal definition that "real property" does. Personal property, on the other hand, refers to movable items that are not permanently attached to the land, like furniture and vehicles. Fixed assets are a broader accounting term that includes any long-term asset owned by a business that is not intended for sale, which may include real property but can also include equipment and machinery.

Therefore, "real property" is the most accurate term for describing land and anything attached to it due to its legal implications and comprehensive nature.