This is a new edition of our well-established Property text in the renowned Clarendon Law Series. It is completely revised and updated, addressing all recent legislative changes in the law relating to trusts of land, formalities, registration of title and management of trust funds. It provides a clear and critical account of the basic principles of the law of property and unlike most texts, does not limit the discussion to real property (or land), but focuses on all the topics taught on UK courses. It sketches out the main patterns of the subject without giving undue prominence to the exceptions and historical inconsistencies. It cites few statutes and no cases, concentrating on illuminating the underlying themes of the subject.