Landed property

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It is the value of the improvements only, and not the earth itself, that is individual property. ~ Thomas Paine

In real estate, a landed property or landed estate is a property that generates income for the owner without the owner having to do the actual work of the estate.

Quotes[edit]

As for large landed property, its defenders have always sophistically identified the economic advantages offered by large-scale agriculture with large-scale landed property, as if it were not precisely as a result of the abolition of property that this advantage, for one thing, received its greatest possible extension, and, for another, only then would be of social benefit. ~ Karl Marx
  • It is the value of the improvements only, and not the earth itself, that is individual property. ... Every proprietor owes to the community a ground rent for the land which he holds.
    • Thomas Paine, Agrarian Justice (1795), in Complete Works, vol. 2, p. 403
  • Capital can seldom be made productive, without undergoing several changes both of form and of place, the risk of which is always more or less alarming to persons unaccustomed to the operations of industry; whereas, on the contrary, landed property produces without any change of either quality or position.
    • Jean-Baptiste Say, A Treatise On Political Economy (Fourth Edition) (1832), Book II, On Distribution, Chapter IX, Section I, p. 363
  • The term esquire has no relation whatever to landed property.
    • Willes, J., Jones v. Smart (1785), 1 T. R. 50.

See also[edit]

External links[edit]

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