Tangible Property Nepal

Comprehensive Overview of Property Types and Rights in Nepal

Property in Nepal is classified into various types under the Muluki Civil Code 2074, ensuring clarity on ownership and rights. It includes movable and immovable property, tangible and intangible assets, and categories such as private, common, joint, community, government, Guthi, and public property. Movable assets are portable, while immovable ones, like land and buildings, are fixed. Tangible assets represent physical objects, and intangible ones encompass intellectual property. Private property is individually owned, whereas common and joint properties are shared. Government property serves public purposes, and Guthi property is culturally significant. Understanding these distinctions supports legal protection and effective management of assets in Nepal.