In the highest and best use analysis, maximum productivity is usually considered best use of the property.
Property is generally divided into tangible property and intangible property. Physical properties are visible, tangible, non-physical properties. Furthermore, tangible ownership is ownership over material things, and intangible ownership is intangible rights over things.
For example, gold bars are assets and property. However, while used pillows are considered property, they are not assets unless they are used to generate revenue for a business such as a hotel.
Ownership defines the theoretical and legal ownership of resources and how they are used.
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