Property, in the abstract, is what belongs
to or with something, whether as an
attribute or as a component of said thing.
In the context of this article, it is one or
more components (rather than attributes),
whether physical or incorporeal, of a
person's estate; or so belonging to, as in
being owned by, a person or jointly a
group of people or a legal entity like
a corporation or even a society.
Depending on the nature of the property,
an owner of property has the right
to consume, alter, share,
redefine, rent, mortgage, pawn, sell, exch
ange, transfer, give awayor destroy it, or
to exclude others from doing these
things,[1][2][3] as well as to
perhaps abandon it; whereas regardless
of the nature of the property, the owner
thereof has the right to properly use it (as
a durable, mean or factor, or whatever),
or at the very least exclusively keep it.
Property law
Part of the common
law series
Types
Real property
Personal property
Acquisition
Gift
Adverse possession
Deed
Conquest
Discovery
Accession
Lost, mislaid, and
abandoned property
Treasure trove
Bailment
License
Alienation
Estates in land
Allodial title
Fee simple
Fee tail
Life estate
Defeasible estate
Future interest
remainder
Concurrent estate
Leasehold estate
Condominiums
Real estate
Conveyancing
Bona fide purchaser
Torrens title
Strata title
Deeds registration
Estoppel by deed
Quitclaim deed
Mortgage
Equitable conversion
Action to quiet title
Escheat
Future use control
Restraint on
alienation
Rule against
perpetuities
Rule in Shelley's Case
Doctrine of worthier
title
Nonpossessory interest
Lien
Easement
Profit
Usufruct
Covenant
Equitable servitude
Related topics
Fixtures
Waste
Partition
Practicing without a
license
Property rights
Mineral rights
Water rights
prior appropriation
riparian
Lateral and subjacent
support
Assignment
Nemo dat
Quicquid plantatur
Conflict of property
laws
Blackacre
Security deposit
Other common
law areas
Contract law
Tort law
Wills, trusts and estat
es
Criminal law
Evidence
v
t
e
Property, in the abstract, is what belongs
to or with something, whether as an
attribute or as a component of said thing.
In the context of this article, it is one or
more components (rather than attributes),
whether physical or incorporeal, of a
person's estate; or so belonging to, as in
being owned by, a person or jointly a
group of people or a legal entity like
a corporation or even a society.
Depending on the nature of the property,
an owner of property has the right
to consume, alter, share,
redefine, rent, mortgage, pawn, sell, exch
ange, transfer, give awayor destroy it, or
to exclude others from doing these
things,[1][2][3] as well as to
perhaps abandon it; whereas regardless
of the nature of the property, the owner
thereof has the right to properly use it (as
a durable, mean or factor, or whatever),
or at the very least exclusively keep it.
In economics and political economy,
there are three broad forms of
property: private property, public
property, and collective property (also
called cooperativeproperty).[4]
Property that jointly belongs to more
than one party may be possessed or
controlled thereby in very similar or very
distinct ways, whether simply or
complexly, whether equally or unequally.
However, there is an expectation that
each party's will (rather discretion) with
regard to the property be clearly defined
and unconditional,[citation needed] so as to
distinguish ownership and easement from
rent. The parties might expect their wills
to be unanimous, or alternately every
given one of them, when no opportunity
for or possibility of dispute with any
other of them exists, may expect his, her,
its or their own will to be sufficient and
absolute.
Important widely recognized types of
property include real property (the
combination of land and any
improvements to or on the
land), personal property(physical
possessions belonging to a person),
private property (property owned by
legal persons, business entities or
individual natural persons), public
property (state owned or publicly owned
and available possessions)
and intellectual property (exclusive rights
over artistic creations, inventions, etc.),
although the last is not always as widely
recognized or enforced.[8] An article of
property may have physical and
incorporeal parts. A title, or
a right of ownership, establishes the
relation between the property and other
persons, assuring the owner the right to
dispose of the property as the owner sees
fit.[citation needed]
The Restatement (First) of Property
defines property as anything, tangible or
intangible whereby a legal relationship
between persons and the state enforces a
possessory interest or legal title in that
thing. This mediating relationship
between individual, property and state is
called a property regime.[5]
In sociology and anthropology, property
is often defined as a relationship between
two or more individuals and an object, in
which at least one of these individuals
holds a bundle of rights over the object.
The distinction between "collective
property" and "private property" is
regarded as a confusion since different
individuals often hold differing rights
over a single object.[6][7]
