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Unowned property information


Unowned property includes tangible, physical things that are capable of being reduced to being property owned by a person but are not owned by anyone. Bona vacantia (Latin for "ownerless goods") is a legal concept associated with the unowned property, which exists in various jurisdictions, with a consequently varying application, but with origins mostly in English law.

Nearly every piece of land on the Earth is a property and has a maintainer (owner). The class of objects, "unowned things", are objects which are not yet property; either because it has been agreed by sovereign nations that no one can own them, or because no person, or other entity, has made a claim of ownership. The most common unowned things are asteroids. The UN's Outer Space Treaty does not address the issue of private ownership of natural objects in space. All asteroids remain unowned things until some person or entity makes a claim of property right to one of them.

In an experimental legal case of first impression, a lawsuit for a declaratory judgment was filed in a United States Federal Court to determine the lawful owner of Asteroid 433 Eros. 433 Eros was claimed as property by Gregory W. Nemitz of Orbital Development. According to the homestead principle, Nemitz argued that he had the right to claim ownership of any celestial body that he made use of; he claimed he had designated Eros a spacecraft parking facility and wished to charge NASA a parking and storage fee of twenty cents per year for its NEAR Shoemaker spacecraft that is permanently stored there. Nemitz's case was dismissed due to lack of standing and an appeal denied.[1]

  1. ^ The Eros Project

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Unowned property

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Unowned property includes tangible, physical things that are capable of being reduced to being property owned by a person but are not owned by anyone...

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Property

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three broad forms of property: private property, public property, and collective property (also called cooperative property). Property that jointly belongs...

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Intellectual property

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Intellectual property (IP) is a category of property that includes intangible creations of the human intellect. There are many types of intellectual property, and...

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Real property

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In English common law, real property, real estate, immovable property or, solely in the US and Canada, realty, refers to parcels of land and any associated...

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Government auction

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companies where the government is the liquidator (e.g. official receiver) Unowned property Often goods sold at government auctions will be unreserved, meaning...

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Index of real estate articles

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Appraisal, real estate Appraised value – An estimate of the present worth of a property Appreciation APR Appurtenance Appurtenant easement ARELLO Arm's length...

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Labor theory of property

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pertains only to property that was significantly unused before such labor took place. Land in its original state would be considered unowned by anyone, but...

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Property law

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Property law is the area of law that governs the various forms of ownership in real property (land) and personal property. Property refers to legally...

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Allodial title

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Allodial title constitutes ownership of real property (land, buildings, and fixtures) that is independent of any superior landlord. Allodial title is related...

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Personal property

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Personal property is property that is movable. In common law systems, personal property may also be called chattels or personalty. In civil law systems...

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Homestead

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Homestead principle, a legal concept that one can establish ownership of unowned property through living on it Homestead Acts, several United States federal...

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The Crown

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by which unowned property, primarily unclaimed inheritances, becomes the property of the Crown. As such, the physical crown and the property belonging...

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Real estate

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Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water...

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Riparian water rights

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landowners whose properties adjoin a body of water have the right to make reasonable use of it as it flows through or over their properties. If there is not...

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Bailment

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possession of personal property ("chattel") for a time, but retains ownership. The owner who surrenders custody to a property is called the "bailor" and...

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Property tax

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A property tax (whose rate is expressed as a percentage or per mille, also called millage) is an ad valorem tax on the value of a property. The tax is...

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Warranty deed

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that represent the seller's promise that they have a valid title of the property being conveyed and have not contracted to sell it to another. Covenant...

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Automatic Reference Counting

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always Optional, can be nil (automatically or manually) unowned var unownedReference: MyClass // Unowned non-Optional reference, cannot be nil Swift also differs...

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Eviction

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Eviction is the removal of a tenant from rental property by the landlord. In some jurisdictions it may also involve the removal of persons from premises...

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Res nullius

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It was also used with regard to plantation of the Ards Peninsula. Unowned property Adolf Berger, entry on res nullius, Encyclopedic Dictionary of Roman...

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Usucaption

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its origin in the Roman law of property. Usucaption is a method by which ownership of property (i.e. title to the property) can be gained by possession...

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