Situs means the location of property or an item for legal purposes. Where the situs of something is depends on the type of item and can have important legal consequences. For most physical items the situs is the place where the object is located presently such as a house or a purse. However, for intangible items like a patent the situs normally is where the property is registered. The situs of property changes where a lawsuit can be brought regarding the property and often adds difficulties to resolving property disputes.
[Last updated in July of 2021 by the Wex Definitions Team]