How is property legally defined?

Property is a legal concept, the definition of which will vary by state. In California, it is defined in Civil Code section 654 as a "thing, or a right to a thing." The right to a thing can be a right to possess, control, use, and enjoy, or a right to transfer to another. Property can also refer to an interest in a thing, such as a leasehold estate. In California, property can be either real or personal. Real property includes land and anything permanently attached to it, such as buildings, fixtures, and other improvements, as well as fixtures that are removable but have become a part of the land. Personal property includes items that can be moved, such as furniture and clothing. Generally, property is owned or possessed by an individual, business, or entity and is protected by state and federal laws. Property can also be divided into tangible and intangible types, the latter referring to an intangible, such as an idea or intellectual property.

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How is property legally defined?

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