Private property refers to land or belongings that are owned by individuals or organizations rather than the government or the public. This ownership grants the holder specific rights, such as the ability to use, sell, or lease the property. The concept is fundamental in many legal systems and is protected by laws that prevent unauthorized use or theft. The idea of private property is closely linked to economic systems like capitalism, where individuals can accumulate wealth and resources. It also plays a significant role in social structures, influencing issues like housing, land use, and inheritance.