. Literature Review
2.1 Introduction
Providing important theoretical background of the topic under investigation is the aim of this literature review. Various professionals’ knowledge displayed and produced by individuals and authorities related to the subject under study would be looked in this chapter. This chapter discussed ideas already exists in books, journals or websites those through the topic under study.
2.2. Conceptual Literature Review
2.2.0 Meaning of Valuation
According to Essayas Derbie (2012) Real Property is defined as any tangible or intangible entity that is owned by individuals or group of people as well as legal entity. Depending on the nature of the real property an owner of property has the right to use, sell, rent, mortgage, transfer, exchange , destroy or to exclude others .In the day today discussion, the term real property refers to things or objects such as a house, a land etc. Real Property also includes all lands, buildings, fixtures, improvements, improvements on leased land. Moreover, it also includes mines, minerals, quarries, mineral springs and wells, oil and gas wells, overriding royalty interests, and production payments with respect to leases. Lastly, all real property includes all privileges pertaining to the real property.
The term property describes a legal concept which refers to the rules that govern people’s access to and control of physical things (tangible assets) like land, natural resources, and manufactured goods as well
Property: The right to claim and hold property; When it has been laboured for, one encloses it for greater individual profit the profit of the community of Man, it has been laboured for – Natural means of ownership one encloses it – The process of holding legal “deed” for greater individual profit – to build investment equity and avoid poverty of waste the profit of the community of Man – Moral commitment to Human Development (Locke: 1689).
2. What do they consider the relationship between property and
The paper will begin with a Review of the Research. This section will summarize all the information gathered for this paper. Here the background will be given and the foundation laid for the rest of the report. Next will be the Application of the Research. This is
They are referred to as property since just like a piece of land, they are bought and are acquired by their masters and become part of what they own and can only be released or resold by their masters. It was a term that was used by the people in South Carolina as they expressed their concerns as they were denied the right to own the
The concept of property has long been one of the most crucial aspects for the U.S. citizens, as it is a major part of the Constitutional, and, therefore, human rights. Although the perception and understanding of “property” have been considerably changed, especially in terms of political and philosophical vision, it still has a particular meaning for the Americans. In general, the idea of property is the question of the political thought and conceptualized thinking common for the United States. In most cases, its transformations are connected to the introduction of capitalism and related governmental decision in politics. Therefore, as any other topic, the value of property has undergone harsh debates. In particular, such important figures as James Fenimore Cooper, Ralph Waldo Emerson, and Walt Whitman have developed a fundamental scope of analyses with regard to the property rights in America.
There are a variety of views on, the property development process. In its simplest form, property development is the process of improving the value of land or building through the development of facilities that meet social, commercial and infrastructural requirements. It is about researching and conducting due diligence into the housing market and develop the right property to meet the demands of this market.
Assessment of the Statement that Property is a Power Relationship Between People Property is the right to possess, enjoy or use a determinant thing, and includes the right of excluding others from doing the same. The concept of ownership or property has no single or widely accepted definition. Like any other concept it has great weight in public discourse and the popular usage varies broadly. Property is frequently conceived as a 'bundle of rights and obligations.' Property is stressed as not a relationship between people and things, but a relationship between people with regard to things.
Private property is a piece of land, a home, or a car owned by one person or
All the three philosophers, whose work I am going to scrutinize on, have very specific, yet in most cases common views on property. First of all, let me define what the term property means. Property, as I see it, is an object of legal rights that is possessed by an individual or a group of individuals who are directly responsible for this it.
This literature review will give the origin of the theory, define the theory, and describe and give example
In term of Real Estate Law, the law recognizes two classifications of property which are real and personal. Real property relates to land and those things that are more or less permanently attached to the land, such as homes, office buildings, and trees. Personal property refers to all other things, such as automobiles, furniture, computers, bank accounts, stocks, and bonds. Real property includes rights to the airspace above the surface of the property, mineral rights to minerals located beneath the surface, and water rights for water located on or beneath the surface of the land. A fixture is an article of personal property, such as an air conditioning unit or a dishwasher, which has been installed in or attached to land or a building and, on attachment, is regarded
One of the basics of real estate law is real property. What is real property? Real property is simply the real estate. The real property is used interchangeably with real estate.
The modern definition of property is the allocation of right to valuable resources between and among entities or individuals. In Whiteness As Property, Harris stated that the origins of property rights in the United States are rooted in racial domination, specifically by whites. Cheryl Harris, Whiteness As Property, 106 Harv. L. Rev. 1707, 1715 (1992-1993). Harris states, possession - the act necessary to lay the basis for rights in property - was defined to include only the cultural practices of whites. Id. at 1721. This definition laid the foundation for the idea that whiteness - is valuable and property. Id.