Property law is the area of
law that governs the various forms of
ownership in
real property (land as distinct from personal or movable possessions) and in
personal property, within the
common law legal system. In the
civil law system, there is a division between movable and immovable property. Movable property roughly corresponds to personal property, while immovable property corresponds to
real estate or real property, and the associated rights and obligations thereon.
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