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Landed property was a key element of feudalism, and freed the owner for other tasks, such as government administration, military service, the practice of law, or religious practices. In later times, the dominant role of landed estates as a basis of public service faded.
The "estate" formed an economic system where the profits from its produce and rents (of housing or agricultural land) sustained the main household, formerly known as the manor house. Thus, "the estate" may refer to all other cottages and villages in the same ownership as the mansion itself, covering more than one former manor.
The landed gentry, or the gentry (sometimes collectively known as the squirearchy), is a largely historical Irish and British social class of landowners who could live entirely from rental income, or at least had a country estate.
Land use, land valuation, and the determination of the incomes of landowners are among the oldest questions in economic theory. Land is an essential input (a factor of production) for agriculture, and agriculture is by far the most important economic activity in pre-industrial societies. With the advent of industrialization, important new uses ...
An estate in land is, in the law of England and Wales, an interest in real property that is or may become possessory. [ 1 ] [ 2 ] It is a type of personal property and encompasses land ownership, rental and other arrangements that give people the right to use land.
Estate in land can also be divided into estates of inheritance and other estates that are not of inheritance. The fee simple estate and the fee tail estate are estates of inheritance; they pass to the owner's heirs by operation of law, either without restrictions (in the case of fee simple), or with restrictions (in the case of fee tail). The ...
Continue reading → The post Heirs at Law: Estate Planning Definition appeared first on SmartAsset Blog. When planning your estate, it’s important to consider who will inherit your assets after ...
Enclosure. Was the removal of common rights that people held over farm lands and parish commons. [21]It was the re-allocation of scattered strips of land into large new fields that were enclosed either by hedges, walls or fences.