ELI5: Explain Like I'm 5

Tangible property

Hi there! Do you know what property is? It's something that belongs to someone, like your toy or your house. Tangible property is a type of property that you can touch and hold in your hands, like your toy or your bed.

Tangible property can come in lots of different forms, like clothes, furniture, books, and even pets! When you own tangible property, it means that you have the right to use it, keep it, and even sell it if you want to.

But sometimes, owning tangible property can also come with some responsibilities. For example, if you have a pet, you need to take care of it by feeding it and making sure it stays healthy. Or if you have a car, you need to make sure it gets regular maintenance and repairs so it keeps running smoothly.

Overall, tangible property is just another way of saying physical things that you can own and use in your everyday life.