What term refers to land along with improvements and the benefits, rights, and interests included in its ownership?

The term that encompasses land along with improvements, benefits, rights, and interests included in its ownership is "Real Property." This definition captures not just the physical land itself but also the enhancements made to that land, such as buildings and structures, as well as the legal rights associated with property ownership, like the right to sell, lease, or develop the property.

Real property is distinct from personal property, which refers to movable items not attached to the land, and intangible assets, which do not have a physical presence. Real estate, while often used interchangeably with real property, typically refers to the physical aspects or the business sector related to buying and selling property, rather than the comprehensive legal rights and benefits that come with ownership. Understanding this distinction is essential for grasping how property is classified in legal contexts.