What is described as 'Realty'?

Realty refers specifically to the interests, benefits, and rights in ownership of land and anything permanently attached to it, such as buildings and other structures. This term encompasses the concept of land, which includes the natural resources beneath the surface, as well as any fixtures or improvements on the land. In real estate terminology, this definition captures the essence of ownership, which is pivotal in property law and real estate transactions.

The other options do not accurately encapsulate what 'Realty' signifies. Movable assets associated with property typically pertain to personal property, not real property. Financial interest in property development relates more to investments or the financial stakes one may have in real estate ventures, which does not directly address the definition of realty itself. Properties rented or leased fall under the broader scope of real estate transactions but do not define the ownership aspect associated with realty. Hence, option B is the most precise and aligns with the fundamental understanding of realty in the context of property ownership.