Everyone has the right to own, buy, sell, rent or lease property. The government may not take private property except for public use. If it does, the government must pay market price for the property. The government must publish a record showing who owns a piece of property, including major shareholders of the property if it is owned by a business. The public record shall include detailed boundaries, as well as documents showing the sale or change of ownership of the property and any limitations on the property. Everyone engaged in cultural, artistic, or scientific pursuits has the right to protect their intellectual property.
Carlota Crusat Delgado says
With regards to land acquisition and property, I think special attention should be given to Indigenous Communities. Lots of them are expelled from their lands in order for companies to operate there. In those cases, it is important to look how land has been acquired, since those territories belong to the communities and not the government. The issue here is that this may not be well documented and communities find diffiulties to prove it. Therefore, maybe the goverment’s role should not be limited to publishing a record with documents proving property, but also widened to have a more active role in protecting property and facilitating the recognition of the ownership to those facing difficulties and lacking resources.
Kirk Boyd says
For all who criticize IBOR as communist or socialist, they should look closely at Article 14. I enshrines private property as a human right. This includes the means of production such a factories for producing consumer goods, along with the building and land upon which they are built.