possession
The German word 'Besitz' is used to refer to ownership or control over something. It can be used in a variety of contexts, such as 'Mein Besitz' (my possession), 'Besitz ergreifen' (to take possession), or 'Besitz aufgeben' (to give up possession). It's important to note that 'Besitz' can refer to both tangible items (like a car or a house) and intangible things (like intellectual property).
I have no possessions.
In this sentence, 'Besitz' is used in a general sense to mean possessions or property.
He sold the property.
Here, 'Besitz' is used to refer to a specific piece of property that the person has sold.
The property is in good condition.
In this context, 'Besitz' refers to a tangible property, and it is described as being in good shape or condition.