Property Law

Property law is the area of law that governs the various forms of ownership in real property (land) and personal property. Property refers to legally protected claims to resources, such as land and personal property, including intellectual property.Property can be exchanged through contract law, and if property is violated, one could sue under tort law to protect it

The concept, idea or philosophy of property underlies all property law. In some jurisdictions, historically all property was owned by the monarch and it devolved through feudal land tenure or other feudal systems of loyalty and fealty.

Though the Napoleonic code was among the first government acts of modern times to introduce the notion of absolute ownership into statute, protection of personal property rights was present in medieval Islamic law and jurisprudence,and in more feudalist forms in the common law courts of medieval and early modern England.

In capitalist societies with market economies, much of property is owned privately by persons or associations and not the government. Five general justifications have been given on private property rights:

1. Private property is an efficient way to manage resources in a decentralized basis, allowing expertise and specialization to develop with regard to the property.
2. Private property is a powerful incentive for owners to put it to productive use, because they stand to gain in the investment.
3. Private property allows exchanges and modifications.
4. Private property is an important source of individual autonomy, giving individuals independence and identity distinct from others.
5. Private property, being dispersed, allows individuals to exercise freedom, against others or against the government.

Property lawyers help clients have the confidence to know that they own the real and personal property that they want to own and with terms that they understand. Property lawyers help clients transfer ownership of property