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. M

    WA Help: Strata Common Property clarification

    HI all, With the recent storms we've had in Perth our back fence has got some damage. We live in a strata complex of 6 units, and our back fence in also the boundary property of the entire complex. I got in touch with our strata company and I was told it's not their problem, owners have to sort...
  2. AdjournedAgain

    QLD Property Settlement

    Hi All, I have just received a 2nd registrar notification in relation to consent orders I have filed at the family court. The notification states; "Clause 6.1.3 remains somewhat a problem and is difficult to follow. If it is actually necessary to provide for a method of calculation, such method...
  3. G

    VIC duplex on property

    i want to demolish my house and give the block to our daughter for a duplex so she can live in one side and us in the other we are pensioners so have very little money,hence can our daughter pay for the new property and get two titles one for her and one for our own
  4. K

    NSW Form 01TG

    Dear friends, I am trying to obtain the legal right to access one end of my very hilly property via several neighbouring properties. One neighbour has right of access/carriageway or similar via three other properties and his property borders the back of my property. My questions are: 1. Can...
  5. L

    QLD Removing family member from property - we've had enough

    Long story short a family member bought a house (under their own name)to help support another another family member - huge mistake but the owner isn't capable of understanding that they're being financially and emotionally abused and used. The "tenant" refused to sign a lease agreement first...
  6. T

    VIC Property Settlement for a second time

    Hello everyone, First I want to start that I understand that for specifics of the case I know i need a lawyer , but any advice I could get that does not cost me a small fortune I would appreciate. First off, A little background. My ex-wife and I were married for 10 years, had to young kids and...
  7. F

    QLD Superannuation as Part of Property Settlement

    Hi Everyone I'm currently going through the settlement of a long-term defacto relationship. The property pool sits at about 600K, and primarily consists of a house (mostly paid for) and superannuation (about 140K is part of the pool, though I have about 250K in total). I want to retain...
  8. B

    NSW Property valuation

    My x partner has refused to accept a appraisel of the property by real estate agents.. now demands a valuation Who is required to pay as he has refused the appraisels from 2 real estate agents Regards Warren
  9. S

    NSW compliance mention property only

    What is a compliance mention in relation to a long ongoing case for property settlement plse? It is looking at juts the last Orders, (would take about 1/2 hr); or all the Orders? (would take forever, and judge has changed since beginning)
  10. M

    QLD New Partner's involvement into Property Settlement

    My ex partner and I have just sold a home. We were in defacto rel. w 1 child and separated 10 months ago. He entered into a new relationship 8 months ago and lives with her. His new partner keeps butting into our property settlement and is causing problems. We can't seem to come to an agreement...