Tangible property, also known as personalty, encompasses physical objects such as toys, clothes, and furniture that can be touched and seen. In contrast, incorporeal assets like ideas or inventions cannot be physically touched.
Tangible property includes physical items that are tangible and can be touched, such as furniture, cars, and clothing. This is distinct from intangible assets like patents, copyrights, and trademarks. Examples of tangible property include a house, a car, a computer, and a piece of jewelry. These examples demonstrate tangible property as they are all physical objects that can be observed and felt.
Yes, you can be held responsible for damage caused to someone else’s property if it was due to your negligence or intentional actions.
Personal property refers to movable items such as furniture, electronics, and vehicles, while real property refers to land and anything permanently attached to it, such as buildings.
Yes, you can sue someone for trespassing on your property if they enter without permission or exceed the scope of their permission.
As a tenant, you have the right to a safe and habitable living environment. Your landlord is responsible for maintaining the property and addressing any necessary repairs.
Generally, you cannot sell property that you don’t fully own. If there is an outstanding loan on the property, you would need to pay off the loan before transferring ownership.
No, you cannot remove a tree from your neighbor’s property without their permission. You should discuss the issue with your neighbor and try to reach a resolution.
In most cases, your landlord must provide reasonable notice before entering your rental property. If they enter without notice, you may have grounds to file a complaint or take legal action.
Yes, you can be held liable for injuries that occur on your property if they were caused by your negligence or failure to maintain a safe environment.
In most cases, you have a legal obligation to make a reasonable effort to return lost or abandoned property to its rightful owner. If the owner cannot be found, you may be able to claim the property as your own through a legal process.
In many jurisdictions, landlords cannot evict tenants without a valid reason, such as non-payment of rent, violation of lease terms, or significant damage to the property. However, specific eviction laws vary, so it’s important to consult local regulations.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 17th April 2024.
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