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. Heth

    Property sold and settled correctly

    What happens when a Property has been sold and the settlement hasn't taken care of outstanding bills? Two of these bills for which half payment is owed, are to the town planner and the builder who worked to legitimise the illegal balustrade and sign off some building works. The sale was a...
  2. Josephine H

    NSW belated property settlement.

    divorced in 1995 the ex husband threatened to burn our house to the ground if I attempted to get a property settlement. I left with just the children. am I able NOW to get a belated property settlement now that he intends to sell property we owned together? I don't recall there ever was an...
  3. J

    NSW Access to property as co-owners

    Probate has just been granted on my mothers house where I have lived for the past 14 years as her carer. My sister and I are equal beneficiaries and executors. Legally, can my sister enter the property, let herself in and remove articles whilst I am not present?. I don't have an issue with...
  4. G

    NSW stormwater runoff from council property

    We have changed the use of part of our property.The local council has directed road stormwater runoff to our property when the subdivision was done. We changed the usage due to the erosion caused to our property and the access to this area by the water runoff. We are on acreage. We now want them...
  5. Sini

    QLD Divorce and property settlement for overseas married Couple.

    We are married for 20 years and marriage was legally commenced in India and not registered in Australia. Couple is Australian citizens and lived in Australia for last 19 year but for last 2 years I moved to India after our separations. We have assets both in Australia and India. Australian...
  6. Q

    SA Property settlement after divorce granted quick question

    Hi! - Ex and I seperated in November 2018. - I began process of property settlement in August 2019, via lawyers and we are still going back and forth (with long delays hearing from his side and petty objections to property pool) - Divorce was granted 24 August 2020 - I know there is 12 month...
  7. M

    NSW Executor denied access to property by caravan park owner before and after probate

    Major caravan park owner continues to deny access to a cabin
  8. P

    NSW Stormwater inundating my backyard from neighbours property - easement question

    I have a rear neighbour whose yard is higher than mine. His yard slopes down towards the back fence. The street is also higher, so his stormwater (and all 14 neighbours next to him, are "higher" than me) but lower than their front street, so their stormwaters connect to a pipe in their backyard...
  9. T

    One Owner. Legal Agreement Between Partners?

    I own a house in my name (I live in it). My partner (not de-facto yet or married) is paying 50% of the mortgage and now they want to have their name added to the Title. The Transfer Duty is almost $30K. I'd rather not pay this, again! Is there any way we can have a lawyer write out an agreement...
  10. S

    QLD duty of disclosure

    Hi I have engaged a Solicitor to handle this, but we have differing opinions and I am not convinced of our current position. This relates to our sale of a qld residential property. The matter relates to what extent of Duty of Disclosure is required by sellers. At this point in time, our...