Changes

“Alienability,” or the right to sell (or refuse to sell) is also a core property right.  To the typical person, the right to use and enjoy a thing is the most valuable aspect of property rights, but the scope of this aspect of property rights varies greatly from legal system to legal system, and even over time, with changes within a given system.       

“Alienability,” or the right to sell (or refuse to sell) is also a core property right.  To the typical person, the right to use and enjoy a thing is the most valuable aspect of property rights, but the scope of this aspect of property rights varies greatly from legal system to legal system, and even over time, with changes within a given system.       

Property has traditionally been divided into two main types, private property (absolute ownership) and estate (qualified ownership), also known as personal property and real property.  

Property has traditionally been divided into two main types, real property (ownership of land) and personal property, or personalty (everything else).  

Private property is absolute ownership of land, houses, chattels, tools, means of production and transportation by an individual.

Private property is absolute ownership of land, houses, chattels, tools, means of production and transportation by an individual.