Surplus property refers to items or assets that are no longer needed or used by an organization, such as government agencies or businesses. This can include equipment, vehicles, furniture, and real estate. When these items are deemed surplus, they may be sold, donated, or disposed of, depending on the policies of the organization. In many cases, surplus property is made available to the public through auctions or sales. This process helps to recover some value from the items while also providing opportunities for individuals or other organizations to acquire useful goods at a lower cost.