The Law of Property provides an incisive and clear summary of the doctrine and theory animating the law of private property. The book is organized around three main themes: acquiring property, dividing property, and limiting rights in property. Specific topics include, the law of capture, creation, adverse possession, estates and future interests, concurrent ownership, marital property, leaseholds, land transfers, recordation, easements, covenants, land use controls, and the Takings Clause, among others. The book synthesizes these diverse topics by highlighting the overarching themes that join them together. It is essential reading for any property student, and can be used in conjunction with any leading property casebook. The Second Edition features new cutting-edge property topics including a recent Supreme Court case interpreting the Takings Clause, and disputes around hydrofracking and short-term rentals (like Airbnb). It has been edited to account for changes to marital property following new constitutional law on same-sex marriage. It now includes references to the Sprankling & Coletta casebook, as well as updated citations to the most recent editions of the leading casebooks.