Property Law – in most jurisdictions this term gives the name of the branch of Law, which governs the legal matters related to movable property (called “personal property”) and real estates. Conveyance, transfer of property, ownership, tenancy, burdening a property, dividing a property, possession or ownership claims, etc. is ruled by the provisions of the Property Law. As well the Property Law rules the legal relations, applicable to the governmental properties and private properties.