Law of property

The law of property governs the ownership, use, and transfer of tangible and intangible assets. It establishes legal rights to possess, use, and dispose of property, whether land, buildings, or personal items. Property law defines how ownership is acquired, maintained, and transferred through sales, leases, or inheritance. It also sets rules for resolving disputes over property rights and protecting owners’ interests. Essentially, it provides a framework to ensure clarity, security, and fairness in how people control and share their property.