Property right: the experience of Germany and problems of the reform in Russia

On the basis of the German experience a distinction between such legal elements as rent burden, independent real security and property obligation is made. In the framework of the property reform in Russia the authors reveal peculiar features of property right in the project of the Civil Code of the Russian Federation as well as potential problems of the law implementation such as pernor disadvantage, ambiguity of the character of the right to the real, the circulation of the right of real issue, etc.