New property laws redefine real estate based on purpose, not just nature.
Real property is now defined not only by its immovable nature but also by its purpose, such as residential, commercial, professional, or rural. Different purposes dictate specific rules governing real property, transforming it into a distinct type of asset. Rules for residential and rural properties are well-established, but those for commercial properties are still evolving. The study shows how property law and contract law intersect, especially in the case of operating leases.