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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    VIC Opinion on property division - would I have a reasonable chance in court?

    Hi there, I divorced in 2019 after 15 years of marriage. During the marriage I contributed 60% of the family income; ex contributed 40%. Same 60/40 ratio between our incomes after separation. Housework was shared 50/50. 3 teenage kids; 50/50 custody. I am 5 years older. Both of us are in...
  2. B

    WA no duty of care by realestate agent

    Hi i recently sold a property using a realestate agent here in perth it was a mixed used property 18months ago when the corona virus kicked in and all property value collapsed my property was worth approx $1.5m accordingly to other same properties around the area, had a deligence offer of...
  3. P

    NSW Legal avenues to settle a personal property dispute between beneficiaries

    I am trying to find out what legal avenues may be available to a beneficiary to claim items of personal property that are in dispute. Our parents gave away many of their personal possessions that would hold some sentimental value before they died and they did not keep a record of the gifts. They...
  4. P

    NSW Tenancy and Mortgagee Repossession of property

    We have been tenants in a property in the sydney area for five years and we have always paid our rent on time until three weeks ago when we were contacted by the bank and advised by them that the bank is repossessing the property as the landlord had defaulted on their mortgage. Few days later we...
  5. M

    Property will to a minor child

    My grandson will inherit property from a great uncle and the trustee will be his uncle. Can this property be sold at any stage to enable a better/different property to be purchased? Can the uncle hand over the trusteeship to the child's mother. Thank you.
  6. G

    QLD Can I stop the sale of a property or sue the agent or agency

    My complaint We had been dealing with real estate Andrew Flanagan regarding purchasing a property in Wilston. We submitted an offer to purchase the property which at the time was not accepted. The following day we offered a higher amount but knocked back as they wanted to continue to auction...
  7. G

    QLD Can I stop the sale of a property or sue the agent or agency

    My Complaint We had been dealing with real estate Andrew Flanagan regarding purchasing a property in Wilston. We submitted an offer to purchase the property which at the time was not accepted. The following day we offered a higher amount but knocked back as they wanted to continue to auction...
  8. T

    NSW Entitlements to personal property.

    Greetings. Husband has Court-ordered interim occupancy of the marital home which was one of two apartments that comprise a property of which the wife is the registered owner. The wife lives in the other apartment. Consent orders require him to vacate within a certain period after payment to him...
  9. L

    NSW Where to from here - division of property

    Hi Everyone, I was hoping that you could offer me some advice. I am a bit lost. I'll try to keep it short and not overshare too much. My wife and I separated in March 2020. I and our two sons left after she reported me to the Police. I was arrested for damaging property and the Police put a...
  10. C

    VIC Abandoned Property - can I take ownership of house

    My neighbour who lives overseas, (no way to contact them as I don't have their details) have abandoned the house they previously used as an investment property. It has now been vacant for over 10 years and fallen into disrepair. What steps can I take to claim ownership?