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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.

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  1. A

    VIC Q: Is this really a 'repair'? (Sec 48, Owners Corporation Act)

    Hi all. I am the owner of a flat, on the upper level of a double storey building. Under the concrete slab (upon which my flat 'sits') are 4 carpark spaces, ie there is no downstairs flat. I mentioned some cracks in my internal walls to the OC, and they commissioned Engineer1, who said that the...
  2. J

    NSW Can you request the owners details of CCTV footage used in criminal proceedings?

    Can you request the owners details of CCTV footage used in criminal proceedings? Would legitimate forensic purpose be sufficient if you stated the issue was the admissability of evidence?
  3. momalatam

    VIC owners corporation victoria

    if an owners corporation has a manager. And the manager conducts a general meeting via ZOOM, who owns the recording of th meeting. And if the manager destroys the recording, what can be done. Can an owner request a copy of the recording
  4. L

    NSW How can an OC spare lot owners, who can pay their special levies in one go, from paying the strata loan interest like those who can't pay upfront?

    Situation: An Owners Corporation (OC) needs to strike a huge special levies to repair the building. Some of the owners can pay this special levies in one go, but others can't. In order to commence any building work, the OC is considering to borrow money from a bank and repay back over a 5 years...
  5. O

    ACT Joint finance and ownership with expartner

    #1 Joint finance and joint registration of car with former partner. She has been paying the finance since we seperated. I now need a new car loan for myself so I need to get my name off the previous finance (car not in my possession anyway). How can I get off the finance and registration if...
  6. Q

    First Home Owners Grant - NSW eligiblity if inherited property

    Hi All, just 2 quick questions! Am I eligible for First Home Owners Grant if already inherited portion of a property deed from parent? If inherited part of an existing property, does it affect my eligibility to apply for an owner occupier home loan for a new property? Thanks, Quickblue
  7. 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...