Property law is the region of law that governs the various forms of ownership and tenancy in real property (land as distinct from private or movable possessions) and in personal property, within the law legal. In the civil law system, there is a partition between movable and immovable property. Movable property roughly corresponds to personal property, when immovable property corresponds to real estate or real property, and the associated rights and obligations thereon.
The thought, idea or philosophy of property underlies all property law. In some jurisdictions, historically all property was owned through the monarch and it devolved through feudal land tenure or other feudal systems of loyalty and fealty.
Though the Napoleonic code was among the primary government acts of modern to introduce the notion of absolute ownership into statute, protection of private property rights was present in medieval law and jurisprudence, and in more feudalist forms in the general law courts of medieval and early modern England.
The word property, in everyday usage, refers to an object (or objects) owned by a being a car, a book, or a cell phone — and the relationship the person has to it. In law, the idea acquires a more nuanced rendering. Factors to consider include the nature of the object, the relationship between the person and the thing, the relationship between a numbers of people in relation to the object, and how the purpose is regarded within the prevailing political system. Most broadly and concisely, property in the legal sense refers to the rights of public in or over certain objects or things.
The contractual right to sue for damage, and the property right exercisable over the land. More small property rights may be created by contract, as in the case of easements, covenants, and fair servitude.
A separate distinction is evident where the rights granted are not sufficiently substantial to confer on the no owner a definable notice or right in the thing. The clearest example of these rights is the license. In common, even if licenses are created by a binding contract, they do not give rise to property interests.