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Common ownership refers to holding the assets of an organization, enterprise, or community indivisibly rather than in the names of the individual members or groups of members as common property. Forms of common ownership exist in every economic system .
In many usufructuary property systems, such as the traditional ejido system in Mexico, individuals or groups may only acquire the usufruct of the property, not legal ownership. [5] A usufruct is directly equatable to a common-law life estate except that a usufruct can be granted for a term shorter than the holder's lifetime.
Collective ownership is the ownership of private property by all members of a group. [ 1 ] [ 2 ] [ nb 1 ] The breadth or narrowness of the group can range from a whole society to a set of coworkers in a particular enterprise (such as one collective farm ).
Common in, for instance, New York City, Hamburg, and Berlin is a form of real estate ownership known as a cooperative (also co-operative or co-op, in German Wohnungsgenossenschaft – apartment co-operative, also "Wohnbaugenossenschaft" or simply "Baugenossenschaft") which relies heavily on internal rules of operation instead of the legal ...
Public ownership by an entity or network of entities representing society, which may be national or municipal in scope. [37] Cooperative ownership, with the members of each individual enterprise being co-owners of their organization. [38] Common ownership, with open access for everyone in society, and where assets are indivisibly held in common.
The Uniform Common Interest Ownership Act was created to provide a model set of laws to govern condominium, cooperative, homeowner association and planned unit development communities in the United States. Variations of the act have been adopted in Colorado, Washington (state), and some other states.
Theft is common in many societies, and the extent to which central administration will pursue property crime varies enormously. Some forms of private property are uniquely identifiable and may be described in a title or a certificate of ownership. The rights to a property may be transferred from one "owner" to another.
A house number plaque marking state property in Riga, Latvia. State ownership, also called public ownership or government ownership, is the ownership of an industry, asset, property, or enterprise by the national government of a country or state, or a public body representing a community, as opposed to an individual or private party. [1]