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Common ownership of the means of production is a central goal of socialist political movements as it is seen as a necessary democratic mechanism for the creation and continued function of a communist society. Advocates make a distinction between collective ownership and common property (the commons) as the former refers to property owned ...
The community property concept originated in civil law jurisdictions but is now also found in some common law jurisdictions. U.S. states with community property laws draw primarily from the marital property laws under the civil law of France and Spain. [10]
Community property (United States) also called community of property (South Africa) is a marital property regime whereby property acquired during a marriage is considered to be owned by both spouses and subject to division between them in the event of divorce. Conversely, property owned by one spouse before the marriage, along with gifts and ...
For many insurers, HOA coverage is a relatively niche product, but the 74 million Americans who live in those communities rely on what’s known as master policies to insure common property like ...
In Great Britain, common land or former common land is usually referred to as a common; for instance, Clapham Common and Mungrisdale Common. Due to enclosure , the extent of common land is now much reduced from the hundreds of square kilometres that existed until the 17th century, but a considerable amount of common land still exists ...
Common property or collective property is excludable and rivalrous. Not to be confused with common property in reference to economics, this is in reference to law. It is property that is owned by a group of individuals where access, use, and exclusion are controlled by the joint owners.
A homeowners’ association is a group of community property owners who manage the property and common areas. Owners are governed by rules known as covenants, conditions and restrictions, or CC&Rs ...
Property law is characterised by a great deal of historical continuity and technical terminology. The basic distinction in common law systems is between real property (land) and personal property (chattels). Before the mid-19th century, the principles governing the transfer of real property and personal property on an intestacy were quite ...