Thanks to Dave Wasser of the Space Settlement Institute for the link to the recent article on property rights in space. It's certainly the 'elephant in the room' as far as long-term space development is concerned, and I may well mention it in my response to the RAeS solicitation on the Return to the Moon
"Can real estate on the Moon be legally claimed, owned, and resold here on earth, without violating international laws? People have wondered about it for decades. It has always been considered a gray area because no international treaties specifically allow it or disallow it.
Now for the first time a law journal article argues it is perfectly legal for a privately funded space settlement to sell deeds to lunar (or Martian) real estate.
This is an incredibly important issue because real estate would be a catalyst for privately funded space development. Without the ownership of Lunar real estate there is no economic incentive for private industry to invest the billions of dollars to get there - and stay there.
The article, entitled "Space Settlements, Property Rights, and International Law: Could a Lunar Settlement Claim the Lunar Real Estate It Needs to Survive?" appears in this week's issue of the SMU Journal of Air Law and Commerce:
http://www.space-settlement-institute.org/Articles/jal73-1Wasser.pdf








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