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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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    SA Question about street light on property

    We have a council street light on our property (lived here 5 years). We never really noticed it until last week they changed the globe from a gentle orange glow to a bright white light strong enough to light the AFL grand final. We now have to draw our curtains well before it gets dark as it...
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    QLD Getting access to neighbours land to do maintenance on property that is close to the boundary

    Hello, I live in a old 2 storey weatherboard house that was built around the 1900s. It was built very close to the side boundary (like many of the homes in my neighbourhood) and to do repairs such as painting I need to enter my neighbours land (with their permission). I have very recent new...
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    NSW Commercial property neighbour has camera on my 16 year old daughter and I

    Hello I currently have a commercial lease for my business. My daughter often comes to my work after school and will sometimes do a workout or play with our dog in our car park area or at the front of our unit. My concern is that the guy next door has always been quite rude and has had times...
  4. S

    NSW Reg Claiming the Compensation for the Personal property from Strata or Landlord

    Hi , We have been renting in an apartment for last 2 years 3 months , Last Month when Sydney is flooded with heavy rain fall , our apartment building Parking Basement is filled with water to an extent all the parked cars and our personal belongings in the Storage cage got submerged and...
  5. M

    Roles of Executors and Deteriorating house.

    I am the co executor of an estate with 3 siblings living in the property. They are all beneficiaries. The house is to be kept for 8 years under the will as long as people wish to live there and are responsible for maintenance. The original intent of the statement was need to live there. All...
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    VIC Rights to a property

    Partners father died and left all worldly goods to her and her sister in a will. Including a property. The will specifically states that the mother is to have no rights to anything. Mother and father have long been separated (around 12 years) mother lives with her current partner and left the...
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    QLD Fencing in front of Easement

    I live in a little "estate" that contains 6 properties. There is only one way into the "estate" and that is through an easement that is attached to my property. Everyone has a driveway off the road. One of my neighbours wanted to put a gate into the estate, but I refused (as did other...
  8. SophieW

    ACT Adding property/financial orders to live parenting order application?

    Hi everyone, I have a quick question (that I've been unable to completely work out from the Federal Circuit Court website). I am 95% sure that you can't tack on property/financial orders to a Federal Circuit Court case that is currently ONLY about interim and final parenting orders. I would...
  9. Steve W

    QLD Property Settlement Case

    My ex and I had a brief 6 month relationship and she fell pregnant. I decided to look after her during the pregnancy and we rented a house together. 9 months later we wished to separate. I learned that she was collecting Centrelink and rental assistance the entire time. She paid no rent...
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    NSW Right of Carriageway

    We are the owners of a NSW property that has a right of carriageway to allow our neighbour access to his house. We live at the end of the said long driveway at which there is limited parking. Our neighbour has since reorientated his garage and built a driveway to the fronting road. This is now...