Aug. 20 – Illinois Real Estate Journal
The statutory mandate regarding the determination of whether property was real property or personal property hasn’t changed much in Illinois. Real property has been defined statutorily as: “[N]ot only the land itself, whether laid out in town or city lots, or otherwise, with all things contained therein, but also all buildings, structures and improvements, and other permanent fixtures, of whatsoever kind, thereon.” Illinois Property Code, 351LCS 20011-130.
