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Feudal System
By Contributor on June 25, 2019
The feudal system is an ancient type of land ownership which states that the king is the owner of all land, and that people were just tenants who have been granted a right to use real property.
This basically means that real estate ultimately belongs to royalty and that they have the right to repossess it should they find it necessary to do so.
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Being allowed to live on land, residents enjoy the goodwill of the king.
As this old fashioned English common law became redundant, the feudal system was slowly replaced by the allodial system in the 17th century.
This allowed individuals to own their own land.
This is a reflection of most developed nations in the world today.
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