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Property Law
The law that governs the various forms of tenancy and ownership in real property and in personal property within the common law legal system is termed as property law. There is a division of movable and immovable property in civil law where immovable property corresponds to real estate and the movable property corresponds to personal property and the associated rights and obligations there on.
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Property Rights
Article 17 of the universal declaration of human rights recognizes right to property. It acknowledges right to a legal person to peacefully enjoy his possession subject to the general interest or to secure the tax payment.
Types of property: The various types of property owned by a entity or a person is mentioned below
1) Real property: immovable property that are fixed or attached like land.
2) Personal property: movable property also known as personal property or physical possession belonging to a person.
3) Private property: property owned by legal person, individual natural persons or business entities
4) Public property: property dedicated to public use. Also is a subset of state property.
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