What Are The Three Types Of Property ?

Category: Academics

Property’ is a huge concept which could not be summed up with a mere definition in a few words. This could be the reason as to why the lawmakers were not able to bring a concrete definition neither under the Transfer of Property Act nor the Registration Act. To understand in simple words, property could be understood as to what could be owned, controlled and managed, and also has a certain market value. Since the concept is too vast, different kinds of property can also be based on discrete factors which are mentioned below.