Landed property
Encyclopedia
Landed property or landed estates is a real estate
term that usually refers to a property that generates income
for the owner without the owner having to do the actual work of the estate. In Europe, agrarian landed property typically consisted of a manor
, several tenant farms, and some privileged enterprises such as a mill
. Modern landed property often consists of housing or industrial land, generating income in the form of rents or fees for services provided by facilities on the land, such as port facilities. Owners often commissioned an Estate map
to help manage their estate as well as serving as a status symbol.
Landed property was a key element of feudalism
, and freed the owner for other tasks, such as government
administration, military
service, the practice of Law or religious
practices.
In later times, the dominant role of landed estates as a basis of public service faded. Development of manufacturing
and commerce
created capitalist
means of obtaining income, but ordinarily demanding the attention of the owner; at roughly the same time, governments began imposing taxes to fund government bureaus
and the military so that people of talent could perform government services for salaries without need for the proceeds of ownership of farmland. Parts of the United States of America, typically New England
and Pennsylvania
, never had a landed aristocracy
, so their armed forces and government agencies could never be organized on the basis of a landed aristocracy.
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
term that usually refers to a property that generates income
Income
Income is the consumption and savings opportunity gained by an entity within a specified time frame, which is generally expressed in monetary terms. However, for households and individuals, "income is the sum of all the wages, salaries, profits, interests payments, rents and other forms of earnings...
for the owner without the owner having to do the actual work of the estate. In Europe, agrarian landed property typically consisted of a manor
Manorialism
Manorialism, an essential element of feudal society, was the organizing principle of rural economy that originated in the villa system of the Late Roman Empire, was widely practiced in medieval western and parts of central Europe, and was slowly replaced by the advent of a money-based market...
, several tenant farms, and some privileged enterprises such as a mill
Gristmill
The terms gristmill or grist mill can refer either to a building in which grain is ground into flour, or to the grinding mechanism itself.- Early history :...
. Modern landed property often consists of housing or industrial land, generating income in the form of rents or fees for services provided by facilities on the land, such as port facilities. Owners often commissioned an Estate map
Estate map
Estate maps were maps commissioned by individual landowners or institutions showing their property, typically including fields and buildings.-Development:...
to help manage their estate as well as serving as a status symbol.
Landed property was a key element of feudalism
Feudalism
Feudalism was a set of legal and military customs in medieval Europe that flourished between the 9th and 15th centuries, which, broadly defined, was a system for ordering society around relationships derived from the holding of land in exchange for service or labour.Although derived from the...
, and freed the owner for other tasks, such as government
Government
Government refers to the legislators, administrators, and arbitrators in the administrative bureaucracy who control a state at a given time, and to the system of government by which they are organized...
administration, military
Military
A military is an organization authorized by its greater society to use lethal force, usually including use of weapons, in defending its country by combating actual or perceived threats. The military may have additional functions of use to its greater society, such as advancing a political agenda e.g...
service, the practice of Law or religious
Religion
Religion is a collection of cultural systems, belief systems, and worldviews that establishes symbols that relate humanity to spirituality and, sometimes, to moral values. Many religions have narratives, symbols, traditions and sacred histories that are intended to give meaning to life or to...
practices.
In later times, the dominant role of landed estates as a basis of public service faded. Development of manufacturing
Manufacturing
Manufacturing is the use of machines, tools and labor to produce goods for use or sale. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale...
and commerce
Commerce
While business refers to the value-creating activities of an organization for profit, commerce means the whole system of an economy that constitutes an environment for business. The system includes legal, economic, political, social, cultural, and technological systems that are in operation in any...
created capitalist
Capitalism
Capitalism is an economic system that became dominant in the Western world following the demise of feudalism. There is no consensus on the precise definition nor on how the term should be used as a historical category...
means of obtaining income, but ordinarily demanding the attention of the owner; at roughly the same time, governments began imposing taxes to fund government bureaus
Government agency
A government or state agency is a permanent or semi-permanent organization in the machinery of government that is responsible for the oversight and administration of specific functions, such as an intelligence agency. There is a notable variety of agency types...
and the military so that people of talent could perform government services for salaries without need for the proceeds of ownership of farmland. Parts of the United States of America, typically New England
New England
New England is a region in the northeastern corner of the United States consisting of the six states of Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut...
and Pennsylvania
Pennsylvania
The Commonwealth of Pennsylvania is a U.S. state that is located in the Northeastern and Mid-Atlantic regions of the United States. The state borders Delaware and Maryland to the south, West Virginia to the southwest, Ohio to the west, New York and Ontario, Canada, to the north, and New Jersey to...
, never had a landed aristocracy
Aristocracy
Aristocracy , is a form of government in which a few elite citizens rule. The term derives from the Greek aristokratia, meaning "rule of the best". In origin in Ancient Greece, it was conceived of as rule by the best qualified citizens, and contrasted with monarchy...
, so their armed forces and government agencies could never be organized on the basis of a landed aristocracy.
See also
- FeudalismFeudalismFeudalism was a set of legal and military customs in medieval Europe that flourished between the 9th and 15th centuries, which, broadly defined, was a system for ordering society around relationships derived from the holding of land in exchange for service or labour.Although derived from the...
- Landed gentryLanded gentryLanded gentry is a traditional British social class, consisting of land owners who could live entirely off rental income. Often they worked only in an administrative capacity looking after the management of their own lands....
- Land tenureLand tenureLand tenure is the name given, particularly in common law systems, to the legal regime in which land is owned by an individual, who is said to "hold" the land . The sovereign monarch, known as The Crown, held land in its own right. All private owners are either its tenants or sub-tenants...
- ManorialismManorialismManorialism, an essential element of feudal society, was the organizing principle of rural economy that originated in the villa system of the Late Roman Empire, was widely practiced in medieval western and parts of central Europe, and was slowly replaced by the advent of a money-based market...
- GentryGentryGentry denotes "well-born and well-bred people" of high social class, especially in the past....
- Gentleman farmer
- Old MoneyOld MoneyOld money is "the inherited wealth of established upper-class families " or "a person, family, or lineage possessing inherited wealth." The term typically describes a class of the super-rich, who have been able to maintain their wealth across multiple generations.- United States :American locations...