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PROPERTY - Coggle Diagram
PROPERTY
corporeal
tangible goods
Types
Real property
It includes land, buildings occupying the land, and the rights to use and enjoy the land
The focal point is real estate involving lands and buildings used for
Residential use
Commercial use
Agricultural use
Personal property
It is property that can be physically transferred and is not permanently attached to the land
It includes things such as
Clothing
Automobiles
Furniture
Tools
Private property
Is any property owned by a natural person or private entity
It is not open to the public nor is owned by the government
incorporeal
cannot be seen or touched
Types
Intellectual property
Intangibles assets that are owned by a company or individual
It is legally protected from outside use or implementation without consent
It includes things like
Trademarks
Copyrights
Patents
Encumbrances
Incorporeal rights over corporeal things
Such rights can include
Leases
Mortgages
Rights-of-way