SIMPLEST DEFINITION OF PROPERTY LAW:
This law governs the right of ownership to various properties, including real and personal stuff as well. For example, consider an object like a car, mobile etc., the relationship a particular person has concerning the item defines his/her property. The nature of the respective entities, the people involved in the relationship and all other details are interested in this property law. This law, as said, emphasizes two principal classifications, including real and personal properties. The real property refers to land and other immovable things whereas the personal properties involve all movable objects like money patents etc., Further classifications of the property include private property which is owned by a particular person only and public property which is owned by a country, state or political divisions. Thus, the property is an object owned by a person with legal acts and embraces individual ownership.
The properties gain an important place in human life as it is not easy for a particular person to live without the property of his/her own.
– Each person has the right to have something which comes under his/her possession. Hence the person has the absolute right over something which he/she legally possess. And the control is protected against all the other forces except the one who possesses it. For example, the marine organisms in the sea belong to the one who succeeds first to obtain possession over them.
– The right to inheritance is also included. This mainly involves family circles and their respective properties. This thereby ensures social security. The successor has the right to inherit the property of the deceased. Consider a widow, and she has the absolute right to own her husband’s property. This includes many factors to clarify if the property is legally obtained or not.
– Hence each person has the right over his/her own legalized property. People have the right to enjoy their property according to their will. They can retain their property, make an agreement with others, share their property or even destroy them. This shows that if a person has authority or possession over some objects, then he/she has the absolute right to do whatever he/she is willing to do with that object.
HOW DOES PROPERTY LAW HELP US? :
– The primary benefit of this law is that it provides security over one’s legally owned property. There is no need to protect physically or to be stressed about when the property would be ceased. Thus, this law allows his/her property to be secure.
– This law also provides benefits to the owner of the property. For example, the owner of a house or land can sell it or give for rent according to his/her own will, or he/she can make a profit by cultivating and developing the land he owns in the way he/she wants. Thus, this allows a person to invest in his/her property.
– This also benefits the environment, as each person maintains and looks after his/her property. Thereby promoting a safeguard environment and atmosphere.
-Absence of property rights results in violence as people may claim a common property as their own without any legal criteria. This makes it challenging to handle as a stable solution cannot be given. This also leads to the destruction of properties and lives.
Thus, there are numerous benefits, and this law is also useful for every individual and the government in meeting day to day life necessities. So, every individual should be aware of the property acts, rights, and benefits of this law to have complete access to the property they own.