n. real property, real estate (and all that grows thereon), and the right to minerals underneath and the airspace over it. It may include improvements like buildings, but not necessarily. The owner of the land may give a long-term (like 99 years) lease to another with the right to build on it. The improvement is a "leasehold" for ownership of the right to use--without ownership of--the underlying land. The right to use the air above a parcel of land is subject to height limitations by local ordinance, state or federal law.
(See: real property, real estate)
LAND. This term comprehends any found, soil or earth whatsoever, as meadows,
pastures, woods, waters, marshes, furze and heath. It has an indefinite
extent upwards as well as downwards; therefore land, legally includes all
houses and other buildings standing or built on it; and whatever is in a
direct line between the surface and the centre of the earth, such as mines
of metals and fossils. 1 Inst. 4 a; Wood's Inst. 120; 2 B1. Com. 18; 1
Cruise on Real Prop. 58. In a more confined sense, the word land is said to
denote "frank tenement at the least." Shep. To. 92. In this sense, then,
leaseholds cannot be said to be included under the word lands. 8 Madd. Rep.
635. The technical sense of the word land is farther explained by Sheppard,
in his Touch. p. 88, thus: "if one be seised of some lands in fee, and
possessed of other lands for years, all in one parish, and he grant all his
lands in that parish (without naming them) in fee simple or for life; by
this grant shall pass no, more but the lands he hath in fee simple." It is
also said that land in its legal acceptation means arable land. 11 Co. 55 a.
See also Cro. Car. 293; 2 P. Wms. 458, n.; 5 Ves. 476; 20 Vin. Ab. 203.
2. Land, as above observed, includes in general all the buildings
erected upon it; 9 Day, R. 374; but to this general rule there are some
exceptions. It is true, that if a stranger voluntarily erect buildings on
another's land, they will belong to the owner of the land, and will become a
part of it; 16 Mass. R. 449; yet cases are, not wanting where it has been
decided that such an erection, under peculiar circumstances, would be
considered as personal property. 4 Mass. R. 514; 8 Pick. R. 283, 402; 5
Pick, R. 487; 6 N. H. Rep. 555; 2 Fairf. R. 371; 1 Dana, R. 591; 1 Burr.
144.