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((Short description|Legal term for anything which has physical substance))
((more citations needed|date=March 2015))

In [[law]], '''tangible property''' is literally anything that [[Tangibility|can be touched]], and includes both [[real property]]  and [[personal property]] (or moveable property), and stands in distinction to [[intangible property]].((citation needed|date=July 2012))

In [[English law]] and some [[Commonwealth of Nations|Commonwealth]] legal systems, items of tangible property are referred to as ''choses in possession'' (or a ''chose in possession'' in the singular). However, some property, despite being physical in nature, is classified in many legal systems as intangible property rather than tangible property because the [[Natural rights and legal rights|right]]s associated with the physical item are of far greater significance than the physical properties.  Principally, these are documentary intangibles.  For example, a [[promissory note]] is a piece of paper that can be touched, but the real significance is not the physical paper, but the legal rights which the paper confers, and hence the promissory note is defined by the legal [[debt]] rather than the physical attributes.<ref>
((cite web
|url         = http://www.paed.uscourts.gov/documents/opinions/08D0486P.pdf
|title       = R&L ZOOK, INC., d/b/a, t/a, aka UNITED CHECK CASHING COMPANY, Plaintiff, v. PACIFIC INDEMNITY COMPANY, Defendant.
|author      = Hon. Giles, J.
|date        = May 1, 2008
|work        = paed.uscourts.gov
|publisher   = United States District Court Eastern District of Pennsylvania
|location    = Philadelphia, PA
|page        = 6
|archive-url  = https://web.archive.org/web/20081005073251/http://www.paed.uscourts.gov/documents/opinions/08D0486P.pdf
|archive-date = 2008-10-05
|url-status     = live
|access-date  = 2011-07-11
))
</ref>

A unique category of property is [[money]], which in some legal systems is treated as tangible property and in others as intangible property.  Whilst most countries legal tender is expressed in the form of intangible property ("The [[Treasury]] of Country X hereby promises to pay to the bearer on demand...."), in practice [[banknote]]s are now rarely ever redeemed in any country, which has led to banknotes and coins being classified as tangible property in most modern legal systems.

== Owning tangible property: rights and responsibilities ==
As a tangible property owner, certain rights and responsibilities come with the territory. The right to use, occupy, sell, rent, mortgage, or give away your property is present. Changes can also be made like renovating, rebuilding or developing the property. These rights are not limitless, however, as local regulations like building codes, zoning laws, and homeowner’s association rules still apply.
<!--
* Use: Live in, operate a business, store belongings, etc.
* Occupy: Control access and physically be on the property.
* Sell: Transfer ownership to a buyer for a price.
* Rent: Allow others to occupy the property in exchange for rent payments.
* Mortgage: Use the property as collateral for a loan. The lender can foreclose if you default.
* Modify: Renovate, rebuild, improve or develop the property. Permits and inspections may be required.
-->
==References==
((Reflist))

((Property navbox|state=collapsed))

((DEFAULTSORT:Tangible Property))
[[Category:Property law]]
[[Category:Legal terminology]]

[[fr:Tangible]]

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