In real estate and legal usage, property refers to everything that is capable of being owned and lawfully acquired. It encompasses not only the physical object itself but also the rights associated with ownership.
These rights include the ability to use, possess, enjoy, and dispose of a thing in any legal manner, as well as the right to exclude others from interfering with those rights. Property is generally classified into two categories, real property and personal property, depending on its nature and attachment to land.
