This paper introduces a fresh idea about the different parts of property rights and how they fit together. By analyzing laws and using logic, it suggests that ownership involves several key parts like using, making profits, and changing things. These key parts are made up of even smaller parts, called branches of property rights, which allow different actions to happen. New ways of owning things can be created by splitting, rearranging, or combining these key parts. In China, the current property rights system for collectively-owned farmland can be well understood with this new way of thinking about property rights.