Property Rights

Traditional principles of property rights include:

• Control of the use of the property
• The right to any benefit from the property (examples: mining rights and rent)
• Right to transfer or sell the property
• Right to exclude others from the property.

Traditional property rights do not include:

• Uses that unreasonably interfere with the property rights of another private party
• Uses that unreasonably interfere with public property rights, including uses that interfere with public health, safety, peace or convenience.

Wikipedia - Property