Property is one or more things that belong to a person. These things can be physical, like those that are in a house, or they can be incorporeal, like if you have money. In this article, it also means the things you own together with other people or even by yourself.
Depending on the nature of the property, an owner has to the right print to consume it, alter it, share it, redefine it, rent or mortgage it (so that is as a durable good), sell or exchange if for something in return; and/or control what others do with their own property.
Property that belongs to more than one owner may be possessed or controlled in many different ways, whether simply or complexly, whether equally or unequally. However, there is the expectation that each party’s will (rather discretion) with regard to property is clearly defined and unconditional, so as to distinguish ownership from easement.
Parties might expect their wills to be unanimous, or alternatively each party may expect their own will to be sufficient and absolute.The Restatement (First) of Property defines property as anything tangible or intangible where the owners has a possessory interest or legal title. The mediating relationship between individual, property and state is called “property regimes.”
In sociology and anthropology, property is typically defined as a relationship between two or more people and an object. The definition often involves at least one of these individuals holding the rights to the object in question.