As a result, the idea in that all land was under the sole ownership of the emperor and individuals were merely borrowing the land from the emperor or the idea in that feudal lords had the land ownership or the idea of cooperative ownership by local communities such as villages were completely collapsed; private land ownership by individuals was recognized legally for the first time in Japan; and land came to be treated as the objects of circulation or collateral as the property of individuals.
この結果、土地は天皇のものであり、臣民は天皇または領主からその使用を許されているに過ぎないと考える公地公民制思想（王土王民説）や封建領主による領主権や村などの地域共同体による共同保有といった封建制度的な土地保有形態が完全に崩壊し、土地にも保有者個人の所有権が存在する事が初めて法的に認められることになり、土地が個人の財産として流通や担保の対象として扱われるようになった。