The concept of property is central to American legal thinking. This follows from several legal propositions that attach more significant legal consequences to property than to contract rights.
One of the primary propositions is the constitutional principle that neither the states nor the federal government may deprive one of property without due process of law. As a result of this idea, there is an enormous push to regard various government benefits as property rights.
Social security, welfare payments, unemployment insurance, Medicaid—they could all be treated as vested property rights rather than as mere statutory entitlements. Calling them “property” raises procedural barriers to the government’s denial of payment in particular cases.
Property also serves as the basis for taking jurisdiction over a dispute in rem or, over the property.
If a leasehold is a property interest according to the common law, then attaching the leasehold generates jurisdiction over the lessor wherever he or she happens to be.
Property, tort, and contract are all associated with different writs at common law.