For other uses of the word "property", see property.
Legal property is any item of value that is legally controlled by someone regardless of whether they physically occupy, possess, or control it. It is most commonly applied to real-estate (houses and land).
It is a form of coercion in that the forces of law (including the police) will be used to prevent someone from using property they do not own, even if nobody else is using it.
- Conservapedia «Physical property in law, economics, business and for tax purposes is an extension of, or store of, the produce of unconsumed labor. Private property, i.e. non-public or non-governmentally owned property, is a foundation of Anglo-American law, and central to capitalism and free enterprise.»