Property laws
Property law is best understood as the complex of jural relationships between and between persons with respect to things. It is the sum of rights and duties, privileges and no-rights, powers and liabilities, disabilities and immunities that exist with respect to things. Transfer of Property Act, 1882: This Act is a central act and provides general principles of movable and immovable property, such as sale, exchange, mortgage, lease and gift of property, part performance, and lis pendens. The States must adopt the provisions of this Act. The concept, idea, or philosophy of property underlies all property law. In some jurisdictions, historically all property was owned by the monarch and it devolved through feudal land tenure or other feudal systems of loyalty and fealty. Non-legally recognized or documented property rights are known as informal property rights. These informal property rights are non-codified or documented but recognized among local residents to varying degrees. Simr...