Introduction to Property Law

Real Property

Land and anything growing on, built on, or attached to it (such as buildings).

Personal Property

Any item subject to ownership that is movable or intangible (meaning an asset without physical form, such as a bank account or trademark).

Alienation

Transfer of property to another.

Conveyance

Voluntary transfer of property.

Common Property

Property belonging to multiple people or a group rather than an individual.

Right to Exclude

One of the main rights typically associated with ownership. It authorizes owners to prevent others from accessing, using, or claiming property and to control the terms on which others may access or use it.

Dead-Hand Control

A common problem in property law characterized by owners conveying property with specific conditions on future users or owners, which may devalue the property or prevent it from being beneficially used at some later time.