Right to property

The right to property is often classified as a human right for natural persons regarding their possessions. A general recognition of a right to private property is found more rarely, and is typically heavily constrained insofar as property is owned by legal persons (i.e. corporations) and where it is used for production rather than consumption.A right to property is recognised in Article 17 of the Universal Declaration of Human Rights but is not recognised in the International Covenant on Civil and Political Rights or the International Covenant on Economic, Social and Cultural Rights. The European Convention on Human Rights, in Protocol 1, article 1 acknowledges a right for natural and legal persons to ""peaceful enjoyment of his possessions"", subject to the ""general interest or to secure the payment of taxes"".