Common Law Property

Common Law Property refers to a legal system where property rights are established through historical usage and agreements, rather than solely by written laws. It emphasizes ownership based on possession, transactions, and longstanding customs. In this system, courts interpret and develop property law through case decisions, creating precedents that guide future disputes. This approach contrasts with statutory or codified property laws, relying heavily on precedent and judicial interpretation to define rights and responsibilities related to land and personal property.