1.Public properties are land and buildings owned and directly managed by public authorities which are used for public purposes. They include assets acquired, occupied and used by Federal, State and Local governments, their departments and parastatals, to conduct GOVERNMENT business and the specific FUNCTIONS of such parastatals. A public property does not belong to any one person but to the public at large and are not restricted to any one individual's use or possession. 2. Private properties are lands and buildings owned by individuals and corporations. The owner of a private property has the right of use, OCCUPATION, sale or lease of his/her property. Private properties are subject to certain proprietary rights which public authorities have over private owners: right to tax the property, compulsory acquisition, right to regulate the use to which the property is put, ESCHEAT (which means the return of the property of a deceased person to the state, where there are no legal heirs or claimants).Please MARK me brainliest.