LLB220 Lecture Notes - Lecture 2: Costain Group, Imperial Brands, Land Law
Document Summary
Whether you can own it, leverage it, occupy it. What makes land uniquely significant in property law. Permanent and indestructible it cannot be lost. Land is the physical earth, anything attached to it (fixtures) and the airspace above it. Every physical thing must exist somewhere will always need land. Land is essentially permanent, finite and in demand. You can hide 1 million dollars, you cant hide land: real property; realty rights over land and anything annexed to it. Chattels" or goods" denote tangible personal property. If a person takes a thing into their physical possession, he or she will have some proprietary rights over it. Property rights over intangible things e. g. intellectual property, shares, money. This type has growing social, financial and economic significance. Ownership of a book v ownership of the right to make copies (right of reproduction) Your rights can be intruded upon temporarily or permanently by: powerlines, construction cranes, overhangs from other property, airplanes, balloons, drones.
