Legal Dictionary of Pakistan

corporeal property

1 The right of ownership in material things. 2. Property that can be perceived, as opposed to incorporeal property; tangible property.

incorporeal property

1 An in rem proprietary right that is not classified as corporeal property. ( Incorporeal property is traditionally broken down into two classes: (1) jura in re aliena (encumbrances), whether over material or immaterial things, examples being leases, mortgages, and servitudes; and (2) jura in re propria (full ownership over an immaterial thing), examples being patents, copyrights, and trademarks. 2. A legal right in property having no physical existence. ( Patent rights, for example, are incorporeal property. - Also termed incorporeal chattel; incorporeal thing.

incorporeal property.

See PROPERTY

option to purchase real property

See OPTION.

option to purchase real property.

A contract by which an owner of realty enters an agreement with another allowing the latter to buy the property at a specified price within a specified time, or within a reasonable time in the future, but without imposing an obligation to purchase upon the person to whom it is given.

real property

Land and anything growing on, attached to, or erected on it, excluding anything that may be severed without injury to the land. ( Real property can be either corporeal (soil and buildings) or incorporeal (easements). - Also termed realty; real estate. Cf. personal property. "Historically, the line between real and personal property stems from the types of assets administered on death respectively, in the king's and in the church's courts. The king's courts, concerned with the preservation of the feudal structure, dealt with fees simple, fees tail and life estates. Estates for years, gradually evolving out of contracts made by feudally unimportant persons, clearly became interests in land but never fully attained the historical dignity of being 'real property.' The early economic unimportance of money, goods and things other than land permitted the church courts to take over the handling of all such assets on the death of the owner. When the development of trade and of capitalism caused assets of these types to assume great, and sometimes paramount, importance we found ourselves with the two important categories of property, namely

real, adj. 1. Of or relating to thnings( such as. lands and buildings) that are fixed or immovable <real property> <a real action>. 2. Civil law. Of, relating to, or attached to a thing (whether movab

trespass to real property

See trespass quare clausum fregit (2).