In
real estate, a landed property or landed estate is a
property
Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves. Depending on the nature of the property, an owner of property may have the right to consume, alter, share, re ...
that generates
income
Income is the consumption and saving opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms. Income is difficult to define conceptually and the definition may be different across fields. F ...
for the owner (typically a member of the
gentry
Gentry (from Old French , from ) are "well-born, genteel and well-bred people" of high social class, especially in the past. ''Gentry'', in its widest connotation, refers to people of good social position connected to Landed property, landed es ...
) without the owner having to do the actual work of the estate.
In medieval Western Europe, there were two competing systems of landed property;
manorialism
Manorialism, also known as seigneurialism, the manor system or manorial system, was the method of land ownership (or "Land tenure, tenure") in parts of Europe, notably France and later England, during the Middle Ages. Its defining features incl ...
, inherited from the
Roman villa
A Roman villa was typically a farmhouse or country house in the territory of the Roman Republic and the Roman Empire, sometimes reaching extravagant proportions.
Nevertheless, the term "Roman villa" generally covers buildings with the common ...
system, where a large estate is owned by the
Lord of the manor
Lord of the manor is a title that, in Anglo-Saxon England and Norman England, referred to the landholder of a historical rural estate. The titles date to the English Feudalism, feudal (specifically English feudal barony, baronial) system. The ...
and
leased to tenants; and the
family farm
A family farm is generally understood to be a farm owned and/or operated by a family. It is sometimes considered to be an Estate (land), estate passed down by inheritance.
Although a recurring conceptual model, conceptual and archetype, archet ...
or ''
Hof'' owned by and heritable within a
commoner
A commoner, also known as the ''common man'', ''commoners'', the ''common people'' or the ''masses'', was in earlier use an ordinary person in a community or nation who did not have any significant social status, especially a member of neither ...
family (cf.
yeoman
Yeoman is a noun originally referring either to one who owns and cultivates land or to the middle ranks of Serfdom, servants in an Peerage of England, English royal or noble household. The term was first documented in Kingdom of England, mid-1 ...
), inherited from
Germanic law
Germanic law is a scholarly term used to describe a series of commonalities between the various law codes (the ''Leges Barbarorum'', 'laws of the barbarians', also called Leges) of the early Germanic peoples. These were compared with statements i ...
.
A
gentleman farmer is the largely historic term for a country gentleman who has a farm as part of his estate and farms mainly for pleasure rather than for profit. His acreage may vary from under ten to hundreds of acres. The gentleman farmer employed labourers and farm managers. However, according to the 1839 ''Encyclopedia of Agriculture'', he "did not associate with these minor working brethren". The chief source of income for the gentleman farmer was derived not from any income that his landed property may generate; he had either access to his own
private income, worked as a professional and/or he owned a large business elsewhere, or all three.
Modern landed property often consists of housing or industrial land, generating income in the form of rents or fees for services provided by the facilities on the land, such as port facilities. Owners often commission an
estate map to help manage their estate as well as serving as a status symbol.
[A Sarah Bendall, ''Maps, Land and Society: A History, with a Carto-bibliography, of Cambridgeshire Estate Maps, 1600–1836 '' (Cambridge University Press, 1992)]
Landed property was a key element of
feudalism
Feudalism, also known as the feudal system, was a combination of legal, economic, military, cultural, and political customs that flourished in Middle Ages, medieval Europe from the 9th to 15th centuries. Broadly defined, it was a way of struc ...
, and freed the owner for other tasks, such as
government
A government is the system or group of people governing an organized community, generally a State (polity), state.
In the case of its broad associative definition, government normally consists of legislature, executive (government), execu ...
administration,
military
A military, also known collectively as armed forces, is a heavily armed, highly organized force primarily intended for warfare. Militaries are typically authorized and maintained by a sovereign state, with their members identifiable by a d ...
service, the practice of law, or
religious
Religion is a range of social- cultural systems, including designated behaviors and practices, morals, beliefs, worldviews, texts, sanctified places, prophecies, ethics, or organizations, that generally relate humanity to supernatural ...
practices.
In later times, the dominant role of landed estates as a basis of public service faded. Development of
manufacturing
Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of the
secondary sector of the economy. The term may refer ...
and
commerce
Commerce is the organized Complex system, system of activities, functions, procedures and institutions that directly or indirectly contribute to the smooth, unhindered large-scale exchange (distribution through Financial transaction, transactiona ...
created
capitalist
Capitalism is an economic system based on the private ownership of the means of production and their use for the purpose of obtaining profit. This socioeconomic system has developed historically through several stages and is defined by ...
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.
Much of the
United States
The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...
, typically
New England
New England is a region consisting of six states in the Northeastern United States: Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. It is bordered by the state of New York (state), New York to the west and by the ...
,
Pennsylvania
Pennsylvania, officially the Commonwealth of Pennsylvania, is a U.S. state, state spanning the Mid-Atlantic (United States), Mid-Atlantic, Northeastern United States, Northeastern, Appalachian, and Great Lakes region, Great Lakes regions o ...
, and most states west of the original colonies, never had a landed
aristocracy
Aristocracy (; ) is a form of government that places power in the hands of a small, privileged ruling class, the aristocracy (class), aristocrats.
Across Europe, the aristocracy exercised immense Economy, economic, Politics, political, and soc ...
, so their armed forces and government agencies could never be organized on the basis of a
landed aristocracy.
See also
*
Absentee landlord
In economics, an absentee landlord is a person who owns and rents out a profit-earning property, but does not live within the property's local economic region. The term "absentee ownership" was popularised by economist Thorstein Veblen's 1923 b ...
*
Absentee business owner An absentee business owner is a business owner who does not personally manage the business or does not live in the community in which the business operates, but owns it.
Research
Studies show that money spent locally circulates back into the commun ...
*
Feudalism
Feudalism, also known as the feudal system, was a combination of legal, economic, military, cultural, and political customs that flourished in Middle Ages, medieval Europe from the 9th to 15th centuries. Broadly defined, it was a way of struc ...
*
Gentleman farmer
*
Gentry
Gentry (from Old French , from ) are "well-born, genteel and well-bred people" of high social class, especially in the past. ''Gentry'', in its widest connotation, refers to people of good social position connected to Landed property, landed es ...
*
Georgism
Georgism, in modern times also called Geoism, and known historically as the single tax movement, is an economic ideology holding that people should own the value that they produce themselves, while the economic rent derived from land—includ ...
*
Landed gentry
The landed gentry, or the gentry (sometimes collectively known as the squirearchy), is a largely historical Irish and British social class of landowners who could live entirely from rental income, or at least had a country estate. It is t ...
*
Land tenure
In Common law#History, common law systems, land tenure, from the French verb "" means "to hold", is the legal regime in which land "owned" by an individual is possessed by someone else who is said to "hold" the land, based on an agreement betw ...
*
Manorialism
Manorialism, also known as seigneurialism, the manor system or manorial system, was the method of land ownership (or "Land tenure, tenure") in parts of Europe, notably France and later England, during the Middle Ages. Its defining features incl ...
*
Old money
Old money is a social class of the rich who have been able to maintain their wealth over multiple generations, in contrast with new money whose wealth has been acquired within its own generation. The term often refers to perceived members of th ...
Notes
{{Authority control
Land tenure
Gentry