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The labor theory of property (also called the labor theory of appropriation, labor theory of ownership, labor theory of entitlement, or principle of first appropriation) is a theory of natural law that holds that property originally comes about by the exertion of labor upon natural resources.
Beneficial owners hold specific property rights ("use and title") in equity belong to a person even though legal title of the property belongs to another person. Beneficial owner is subject to a state's statutory laws regulating interest or title transfer. [2] This often relates where the legal title owner has implied trustee duties to the ...
Allodial title constitutes ownership of real property (land, buildings, and fixtures) that is independent of any superior landlord. Allodial title is related to the concept of land held in allodium, or land ownership by occupancy and defence of the land. Most property ownership in common law jurisdictions is fee simple.
Trump then purchased land between Mar-a-Lago and the ocean from Jack C. Massey, the former owner of KFC, for $2 million, [22] stating he intended to build a home that would block Mar-a-Lago's beach view. This threat caused competing interest in Mar-a-Lago to decline. Trump purchased the property for $7 million in 1985.
Social ownership of the means of production is the defining characteristic of a libertarian socialist economy, [2] and can take the form of community ownership, [3] state ownership, common ownership, employee ownership, cooperative ownership, and citizen ownership of equity. [4]
Owner-occupancy or home-ownership is a form of housing tenure in which a person, called the owner-occupier, owner-occupant, or home owner, owns the home in which they live. [1] The home can be a house , such as a single-family house , an apartment , condominium , or a housing cooperative .
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