Knowra Property law Property law Property law governs rights and obligations concerning ownership, possession, use, and transfer of property. It covers tangible things, land, and legally recognized intangible assets.
Property : Property is a legally recognized interest in or right over something, including rights to possess, use, or transfer it. The field concerns the legal interests that count as property.
Deed : A deed is a formal legal instrument used to transfer or establish an interest in real property. Deeds commonly document transfers of land ownership.
Real property : Real property consists of land and legally recognized interests attached to land. Land ownership brings distinctive rules for boundaries, use, and transfer.
Public property : Public property is property held or controlled by a government for public purposes or use. It contrasts private ownership with assets managed for public purposes.
Ownership : Ownership is the legally recognized authority to possess, use, exclude others from, and transfer an asset, subject to limits. It is the central bundle of rights property law defines and protects.
Easement : An easement is a nonpossessory right to use another person's land for a specified purpose. It allows defined uses without transferring ownership of the land.
Personal property : Personal property consists of movable tangible things and legally recognized intangible assets. Its rules govern assets outside the category of land and attached interests.
Common property : Common property is a resource governed by shared access and use rights among a defined group. It offers a collective alternative to exclusive individual ownership.
Possession : Possession is control over a thing, whether or not the possessor holds legal title to it. Property law often distinguishes actual control from ownership.
Co-ownership : Co-ownership is the holding of property rights by two or more people at the same time. It shows how property rights can be divided among holders.
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