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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. loveorfear

    NSW Telling the truth online

    Hi - so people I bought property with overseas have told lots of lies, broken clear agreements, and extorted me from my agreed share in the property, including blocking access to it, and not paying any rent for over two years. They are rich and hiding, obfuscating and not answering questions...
  2. M

    NSW Rights of step mother VS biological children in property inheritance

    Hi guys, So my biological father is divorcing my biological mother and will be marrying another woman. Now in the future when my dad passes away, what rights do I have as a biological son to his property or wealth? He has two biological children, myself and my sister. So do we receive 1/3...
  3. A

    VIC Extinguishing an un-used easement

    Hi All - My question is: Can a 'CarriageWay Easement' be extinguished if the beneficiary is no longer using or 'passing over' the land to access their un-landlocked property? The Dominant has blocked his access with landscaping trampoline and a pool shed effectively prohibiting a vehicle from...
  4. S

    SA Council Drains Causing Property Flooding

    When it rains in our area the street drains can not cope with the water and the water banks up our storm water run off drains and floods our property. Local council say that it's not their problem. What can we do to force them to do something? This has been going on for several years now.
  5. S

    VIC Licence over common property

    Hi there, I live in a block of 15 units in Richmond. There are 5 units on the ground floor which are all owned by a single person and rented out. This person previously owned the whole block and is now progressively selling the units off. The owner of the block was the sole manager of the...
  6. SWrenter

    WA What is the property manager allowed to do during a rental inspection?

    I have been renting the same property for almost 3 years now. This is the second property that I have been a tenant in. I have always found the rental inspections conducted by this real estate agent to be incredibly intrusive. After being present for the first one, I have always felt the need...
  7. S

    VIC Hypothetical: Can a local council be sued for loss of property value if it breached its own planning rules?

    Supposing a local council (in Victoria) failed in its duty of care to administer a planning permit process, meaning that neighbouring property owners never received notification of the permit application. If this led to a permit being granted for a building that reduced neighbouring property...
  8. 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...
  9. 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...
  10. 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...