Property Law

Property law governs the relationships between individuals and entities concerning the ownership, use, and transfer of property. It is typically divided into two main categories: real property and personal property. Real property refers to land and anything permanently attached to it, such as buildings, while personal property includes movable items and intangible assets like intellectual property.
Key principles of property law include possession, ownership, and transfer. Ownership rights grant the titleholder the ability to use, sell, lease, or exclude others from the property, subject to legal limitations such as zoning laws or easements. Property law also addresses how ownership can be acquired, whether through purchase, inheritance, adverse possession, or gift.
Land use and environmental regulations play a significant role in real property, balancing private rights with public interest. Lease agreements, mortgages, and covenants are also important aspects of property law, defining the terms under which property is used or financed.
Disputes in property law often involve boundary issues, landlord-tenant conflicts, or inheritance claims. By establishing clear rules and rights, property law ensures orderly transactions and resolves conflicts, facilitating societal stability and economic development.