What type of property is typically described as “immovable”?

The term "immovable" is commonly used to refer to real property, which encompasses land and anything permanently attached to it, such as buildings and structures. Real property is defined by its physical characteristics, namely that it cannot be relocated without losing its identity and value.

This distinction is important in real estate and property law because real property entails different rights, regulations, and tax implications compared to other types of property. Personal property, for instance, is generally movable and includes things like furniture and cars. Intellectual property refers to intangible assets like patents and trademarks, while leased property is a temporary arrangement rather than a classification of property type. These distinctions underscore the unique nature of real property as "immovable," reflecting its stability and permanence in the realm of property ownership and transactions.