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Property law - Definition and Overview |
| Related Words: Acres, Affection, Alodium, Aroma, Assets, Attribute, Badge, Balance, Banner, Blackface, Brand, Cachet, Capital, Capitalization, Cast, Character, Characteristic, Characteristics |
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Property law is the law that governs the various forms of ownership in real property (land as distinct from personal or moveable possessions) and in personal property, within the common law legal system.
In the civil law system, there is a division between movable and immovable property. Movable property roughly corresponds to personal property, while immovable property corresponds to real estate or real property, and the associated rights and obligations thereon.
The concept, idea or philosophy of property underlies all property law. In some jurisdictions, historically all property was owned by the monarch and it devolved through feudal land tenure or other feudal systems of loyalty and fealty.
The French Revolution introduced the idea of the absolute ownership of property. It is such ownership that was introduced into the civil law by the Code Napoleon. This is in contradistinction with the ideas of property in common law that remained tied to their feudal past.
See also
Further reading
- Land Law, Gray & Gray (ISBN 0 406 96377 0) - An accessible textbook on English property law.
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