Private Property: property owned by private parties - essentially anyone or anything other then the government. Private property may consist of real estate, buildings, objects, intellectual property (for example, copyrights or patents ).
This is distinguished from Public Property, which is owned by the state or government or municipality.
Definition from Nolo’s Plain-English Law Dictionary
Land that is not owned by the government or dedicated to public use. The owner of private property has the right to manage and control it -- for example, by using, selling, mortgaging, or exchanging it.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:22 pm