The pervasive and important territorial dimensions of property are understudied, given the tendency to view territory through the lens of the state. Viewing both property and territory as relational and mutually recursive, I introduce the practical work of property’s territory, the historical moment in which it was produced, the powerful metaphors that work through it, and the habits and everyday practices it induces. The territory of property, I suggest, has a specificity, a presence, and a consequentiality, all of which demand our attention.