Legal zoom Nepal has the professional lawyers in Private property right in Nepal. Private property refers to assets owned by an individual, which are acquired through personal effort, purchase, gift, or inheritance after the partition of ancestral property. Or private property is that individual property which is not divided to genealogical and family member. Article 256 of Under the National Civil Code 2017 (Muluki Civil Code), private property is recognized as a fundamental legal right, meaning the owner has full control over the use, transfer, and disposal of such property. This includes land, houses, vehicles, money, or any other assets registered in an individual’s name. Private property is distinct from ancestral property, as it is not subject to division among family members unless the owner voluntarily decides to share it or bequeaths it through a will.
The Constitution of Nepal 2015 also guarantees the right to property as a fundamental right under Article 25, ensuring that no one is deprived of their property except in accordance with the law and for public welfare, with fair compensation. This legal protection strengthens citizens’ confidence in ownership and investment. Private property plays a crucial role in promoting economic growth, encouraging entrepreneurship, and ensuring personal financial security. However, property owners are also responsible for paying taxes and following land use and environmental regulations as set by the government. Our best lawyer has goal is to ensure your individual property as the private property.