Knowra Property rights Property rights Property rights are recognized claims that let individuals or groups possess, use, exclude others from, and transfer resources. Their scope depends on the rules and institutions that define and enforce them.
Ownership : The recognized status of holding rights or control over an asset. Ownership commonly bundles several rights, but does not always include every possible use or power.
Bundle of rights : A model of property as a collection of separable powers and claims over resources. It explains how use, exclusion, management, and transfer can belong to different parties.
Land tenure : The arrangements through which people or institutions hold and use land. Land tenure specifies who may occupy, cultivate, inherit, or transfer land.
Common ownership : A regime in which a resource is jointly owned by a defined group. Group ownership allocates claims collectively rather than assigning them to separate individuals.
Usufruct : A right to use and benefit from property belonging to another, while preserving its substance. It separates the right to use a resource from ownership of it.
Property title : A formal record or legal basis establishing a person's claim to property. Title identifies claims that institutions can recognize and enforce.
Intellectual property : Legal rights over creations such as inventions, expressive works, and distinctive signs. It extends property-like claims to intangible creations through patents, copyright, and trademarks.
Open access : A regime with no effective rules limiting who may use a resource. It differs from common property, where a group has enforceable rules governing access.
Exclusion (property law) : The legal power to prevent others from accessing or using a resource. The ability to exclude is a central way property rights control access.
Property registration : The official recording of ownership or other interests in property. Registration makes claims more visible and can reduce disputes over competing interests.
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