A more thorough explanation:

LEX LOCI REI SITAE

Lex loci rei sitae is a Latin term that means "the law of the place where the property is situated." It refers to the legal principle that the laws of the jurisdiction where a property is located govern the rights and obligations related to that property.

For example, if a person owns a house in California, the laws of California would apply to any legal disputes or transactions related to that property. This means that if the owner wants to sell the property, they must follow California's laws regarding real estate transactions.

Another example would be if a person inherits property located in France. The laws of France would apply to any legal matters related to that property, even if the person inheriting the property is a citizen of another country.

Lex loci rei sitae is an important legal principle that helps determine which laws apply to a particular property. It ensures that the rights and obligations related to the property are governed by the laws of the jurisdiction where the property is located. This principle is important for individuals and businesses who own property in different jurisdictions, as it helps them understand which laws they need to follow and which legal system they need to navigate.