property

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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, exchange, transfer, give away or destroy it, or to exclude others from doing these things, 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 cooperative property).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, 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.
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.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.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. 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.

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  1. G

    QLD Owner of property locked out because of faulty door lock

    I privately own an apartment in a well known hotel property chain. All door locks in this hotel managed property have a faulty mechanism in that the door lock batteries need frequent replacement, this happened to me twice in the last week, and is extremely frustrating. TIMELINE; 1. Midday found...
  2. W

    QLD Property Held in Spouse Name

    Brief Scenario. Defacto Couple Together Since 1970's. He had land, she had a home (value much greater than the land) & and adult child. Couple did not marry. Husband has no children. Couple lived in home for 20 + years. Sold home to fund building on land. Land is still in Husbands...
  3. O

    VIC Neighbours swimming pool drained into our property has killed trees

    We have a recently arrived neighbour that we have not yet met, who has purchased an adjoining property, who appears to have drained a salt water swimming pool into our garden. I looked over the fence and saw a hose running from his now empty salt chlorinated pool up to our fence which is...
  4. A

    NSW Enforcement -> Garnishee order for debts or writ of property?

    The NCAT issued an order for my owners corporation to refund me money. It hasn't complied and I've since registered the amount with the local court for enforcement. I'm not clear on what would be the best next step. It seems a garnishee order would be the most appropriate? The owners...
  5. ksivasub

    VIC Is it legal for an individual to own a property when that property is funded by an investor according to the investment agreement?

    I noticed that an individual recently purchased a property and this property is managed by a real estate agent. Interestingly, this real estate agent had originally signed an investment agreement several months ago to invest my money in that same property. Is it legal for an individual to...
  6. J

    NSW blocked shared sewer line, neighbours brick wall collapsing onto my property, front dividing fence broken by tenants

    I am a grandmother and for the past 19 years live in the adjoining semi detached house owned by Toby Greene GWS Giants player in Drummoyne which he purchased in September 2017. In 2018 Toby had 2 female tenants in his property and they blocked the shared sewer line with hygiene products and dog...
  7. Barbie&Kebn

    QLD Steps to recover stolen property recovered by police?

    Early 2022 I was a victim of a burglary. Only a few items were taken and the incident was reported to the police. Come March this year and I was doing some online window shopping and came across one of the items in cash converters website. The item in mention is a handmade vintage diamond ring...
  8. J

    WA property purchase agreements, major dispute.

    feeling helpless at the moment concerning a property that we are meant to purchase. In May 2020, we entered into a lease contract with the agreement to purchase the property. In August 2020, we finalised the sale through an offer and acceptance contract that allowed 24 months for purchase. The...
  9. L

    NSW I own a property in NSW with a Right of Carriageway benefitting my neighbour.

    I own a property in NSW with a Right of Carriageway benefitting my neighbour. This Right of Carriageway has not been used for 20 odd years. The neighbour is about to start construction of a road which I have no objection to watsoever. However, I am keen to have the Right of Carriageway moved...
  10. O

    NSW Builder Next Door Erected Scaffolding in rear Yard of Our Commercial Property Without Consent

    hi, next door to our small shop near the station a block of low rise units are being built. Unbeknown to us, until tenant sent photo, builder has partially removed paling fence & erected scaffolding on our property abutting boundary to facilitate construction of wall which is approved along the...