owner

Australia's #1 for Law
Join 150,000 Australians every month. Ask a question, respond to a question and better understand the law today!
FREE - Join Now
Ownership is the state or fact of exclusive rights and control over property, which may be an object, land or real estate, or intellectual property. Ownership involves multiple rights, collectively referred to as title, which may be separated and held by different parties.
The process and mechanics of ownership are fairly complex: one can gain, transfer, and lose ownership of property in a number of ways. To acquire property one can purchase it with money, trade it for other property, win it in a bet, receive it as a gift, inherit it, find it, receive it as damages, earn it by doing work or performing services, make it, or homestead it. One can transfer or lose ownership of property by selling it for money, exchanging it for other property, giving it as a gift, misplacing it, or having it stripped from one's ownership through legal means such as eviction, foreclosure, seizure, or taking. Ownership is self-propagating in that the owner of any property will also own the economic benefits of that property.

View More On Wikipedia.org
  1. Kraka

    VIC Legal Owner of a vehicle (car) in victoria

    I purchased a falcon sedan some months ago, I have receipt of purchase in my name, bank loan in my name and bank payment papers all in my name, the car is registered in an ex girlfriends name and she refuses to return it, saying I gave it to her, which I did not. What are my options here , if i...
  2. M

    QLD Who can be a landlord

    Hi, Simple question that I cannot seem to find an answer to anywhere online. In Qld, if a property is owned by two people legally, and they separate but don't divorce, can one owner rent the house as a Landlord? Or both owners would need to be sign the rental tenancy as the Landlord? Thanks in...