What do you mean by Property Rights

Question

What do you mean by Property Rights?

Answer 1

In law, the term property actually refers to a person’s rights in relation to something other than the thing itself. The acquisition and use of real property (immoveable property like land and buildings) and personal property (tangible moveable property and intangible things like copyrights) is a key part of business decisions and operations.

The last part of these notes will begin by discussing real property, including mortgages and leases. It will then cover personal property, including contracts of bailment (where possession of property is temporarily given to another party) and insurance against loss of or damage to property. The final topic is an important sub-category of personal property: intellectual property.