Property Auctions

Thursday, October 23, 2008

Property law

Property law is the area of law that governs the various forms of ownership in real property (land as distinct from personal or movable possessions) and in personal property, within the common law legal system. In the civil law system, there is a division between movable and immovable property. Movable property roughly corresponds to personal property, while immovable property corresponds to real estate or real property, and the associated rights and obligations thereon.The concept, idea or philosophy of property underlies all property law. In some jurisdictions, historically all property was owned by the monarch and it devolved through feudal land tenure or other feudal systems of loyalty and fealty

Monday, October 20, 2008

Charles Comte - legitimate origin of property

Charles Comte in Traité de la propriété (1834), attempted to justify the legitimacy of private property in response to the Bourbon Restoration. According to David Hart, Comte had three main points: "firstly, that interference by the state over the centuries in property ownership has had dire consequences for justice as well as for economic productivity; secondly, that property is legitimate when it emerges in such a way as not to harm anyone; and thirdly, that historically some, but by no means all, property which has evolved has done so legitimately, with the implication that the present distribution of property is a complex mixture of legitimately and illegitimately held titles." (The Radical Liberalism of Charles Comte and Charles Dunoyer

Theories of property

There exist many theories. Perhaps one of the most popular was the natural rights definition of property rights as advanced by John Locke. Locke advanced the theory that when one mixes one’s labor with nature, one gains ownership of that part of nature with which the labor is mixed, subject to the limitation that there should be "enough, and as good, left in common for others, From the RERUM NOVARUM, Pope Leo XIII wrote "It is surely undeniable that, when a man engages in remunerative labor, the impelling reason and motive of his work

Friday, October 10, 2008

Managing a rental property

When you own a residential property and intend renting it out, you have two options. You can either manage the property yourself and become a 'self managing landlord', or use an agent to manage the property for you.

There are some important issues to consider when making the decision about managing your rental property.
  • Do you have time to liaise with the tenants on all day to day matters including repairs?

  • Are you prepared for the responsibility that this involves?


  • Do you know what your rights and responsibilities are?


  • Do you know the tenants' rights and responsibilities?


  • What are the financial implications of appointing an agent versus self management?


Wednesday, October 1, 2008

Early modern libraries

From the fifteenth century in central and northern Italy, the assiduously assembled libraries of humanists and their enlightened patrons provided a nucleus around which an "academy" of scholars congregated in each Italian city of consequence. In Rome, the papal collections were brought together by Pope Nicholas V, in separate Greek and Latin libraries, and housed by Pope Sixtus IV, who consigned the Bibliotheca Apostolica Vaticana to the care of his librarian, the humanist Bartolomeo Platina in February 1475.[12] In the sixteenth century Sixtus V bisected Bramante's Cortile del Belvedere with a cross-wing to house the Apostolic Library in suitable magnificence. The sixteenth and seventeenth centuries saw other privately-endowed libraries assembled in Rome: the Vallicelliana, formed from the books of Saint Filippo Neri, with other distinguished libraries such as that of Cesare Baronio, the Biblioteca Angelica founded by the Augustinian Angelo Rocca, which was the only truly public library in Counter-Reformation Rome; the Biblioteca Alessandrina with which Pope Alexander VII endowed the University of Rome; the Biblioteca Casanatense of the Cardinal Girolamo Casanate; and finally the Biblioteca Corsiniana founded by the bibliophile Clement XII Corsini and his nephew Cardinal Neri Corsini, still housed in Palazzo Corsini in via della Lungara.

A number of factors combined to create a "golden age of libraries" between 1600 and 1700: The quantity of books had gone up, as the cost had gone down, there was a renewal in the interest of classical literature and culture, nationalism was encouraging nations to build great libraries, universities were playing a more prominent role in education, and renaissance thinkers and writers were producing great works. Some of the more important libraries include the Bodleian Library at Oxford, the Library of the British Museum, the Mazarine Library in Paris, and the National Central Library in Italy, the Prussian State Library, the German State Library, the M.E. Saltykov-Schedrin State Public Library of St. Petersburg, and many more.[13]