Duplex Bungalow

Property refers to any item that an individual or a business holds legal title to. This can include tangible items, such as houses, cars, or appliances, as well as intangible items that hold potential future value, such as stock and bond certificates. Legally, property is classified into two categories: personal property and real property. This distinction originates from English common law, and our contemporary legal system continues to differentiate between these two types.