Public property is property that is dedicated to public use. The term may be used either to describe the use to which the property is put, or to describe the character of its ownership (owned collectively by the population of a state). State ownership, also called public ownership, government ownership or state property, are property interests that are vested in the state, rather than an individual or communities.
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👉 Public property in the context of Property
Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves. Depending on the nature of the property, an owner of property may have the right to consume, alter, share, rent, sell, exchange, transfer, give away, or destroy it, or to exclude others from doing these things, as well as to perhaps abandon it; whereas regardless of the nature of the property, the owner thereof has the right to properly use it under the granted property rights.
In economics and political economy, there are three broad forms of property: private property, public property, and collective property (or cooperative property). Property may be jointly owned by more than one party equally or unequally, or according to simple or complex agreements; to distinguish ownership and easement from rent, there is an expectation that each party's will with regard to the property be clearly defined and unconditional.. The parties may expect their wills to be unanimous, or alternatively each may expect their own will to be sufficient when no opportunity for dispute exists.
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Public property in the context of Private property
Private property is a legal designation for the ownership of property by non-governmental legal entities. Private property is distinguishable from public property, which is owned by a state entity, and from collective or cooperative property, which is owned by one or more non-governmental entities. Private property is foundational to capitalism, an economic system based on the private ownership of the means of production and their operation for profit. As a legal concept, private property is defined and enforced by a country's political system.
Public property in the context of Road verge
A road verge is a strip of groundcover consisting of grass or garden plants, and sometimes also shrubs and trees, located between a roadway and a sidewalk. Verges are known by dozens of other names such as grass strip, nature strip, curb strip, berm, park strip, or tree lawn, the usage of which is often quite regional.
Road verges are often considered public property, with maintenance usually being a municipal responsibility. Some local authorities, however, require abutting property owners to help maintain (e.g. watering, mowing, edging, trimming/pruning and weeding) their respective verge areas, as well as clean the adjunct footpaths and gutters, as a form of community work.
Public property in the context of Russian oligarch
Russian oligarchs (Russian: олигархи, romanized: oligarkhi) are business oligarchs of the former Soviet republics who rapidly accumulated wealth in the 1990s via the Russian privatisation that followed the dissolution of the Soviet Union. The failing Soviet state left the ownership of state assets contested, which allowed for informal deals with former Soviet officials as a means to acquire state property.
The Russian oligarchs emerged as business entrepreneurs under Mikhail Gorbachev (General Secretary, 1985–1991) using various loopholes during economic liberalization under Gorbachev's perestroika. Boris Berezovsky, a mathematician and former researcher, became the first well-known Russian business oligarch.
Public property in the context of Private school (United Kingdom)
In the United Kingdom, private schools (also called independent schools) are schools that require fees for admission and enrollment. Some have financial endowments and most are governed by a board of directors consisting of school governors. Many are owned and operated by a mixture of corporations, trusts and individuals. They are independent of many of the regulations and conditions that apply to state-funded schools. For example, the schools do not have to follow the National Curriculum for England, although many such schools do.
Historically in the UK, the term private school referred to a school as private property, privately owned, in contrast to public property or a financial endowment, subject to a trust or of charitable status. Many of the older private schools catering for the 13–18 age range in England and Wales are known as public schools, seven of which were the subject of the Public Schools Act 1868. The term public school meant they were then open to pupils regardless of where they lived or their religion (while in the United States and most other English-speaking countries public school refers to a publicly funded state school). Preparatory schools educate younger children up to the age of 13 to prepare (prep) them for entry to the public schools and other secondary schools. In 2023, the Independent Schools Council (ISC), a lobbying group for private school industry, claimed that their members schools contributed £16.5 billion to gross value added (GVA) in Britain.