Property

Property is a broad term that refers to the legal rights and interests a person or entity has in something. It can be tangible, such as real estate or personal possessions, or intangible, such as intellectual property or financial assets.

Types of Property

Real Property

Real property, also known as real estate, refers to land and anything permanently attached to it, such as buildings or other structures. It also includes the rights and interests associated with the land, such as the right to sell, lease, or use it.

Personal Property

Personal property refers to anything that is not real property. This can include movable items like furniture, vehicles, and personal possessions, as well as intangible items like stocks and bonds.

Intellectual Property

Intellectual property refers to creations of the mind, such as inventions, literary and artistic works, designs, symbols, names, and images used in commerce. It is protected by law through patents, copyrights, and trademarks.

Property Rights

Property rights are the legal rights and powers associated with owning property. These can include the right to use the property, the right to profit from it, the right to exclude others from it, and the right to transfer it to others.

Property Law

Property law is the area of law that governs the various forms of ownership and tenancy in property. It can be divided into two types: real property law, which deals with real estate, and personal property law, which deals with all other forms of property.

See Also

• Property tax
• Property management
• Property insurance