Whether you're looking for the perfect vacation destination, or you're looking to build a business out of your extraterrestrial property, you need to understand the legal aspects of owning and building property on the moon. Here are some of the important legal aspects that you'll need to know.

Buy property on the moon

Buying property on the moon is not just for the rich and famous. Several celebrities have purchased moon land. A recent article in the Journal of Air Law and Commerce states that recognition of the lunar land claims may fuel further investment in extraterrestrial colonization.

One of the best ways to buy property on the moon is to purchase it from an agency like The Lunar Registry. The registry claims to sell pieces of the Moon and has even sold some celestial property to celebrities. Buying a piece of the moon is legal, as long as the buyer understands their obligations and the legal lingo.

The Outer Space Treaty of 1967 states that governments bear the international responsibility for national activities in outer space. It also states that the exploration and use of outer space shall be for the benefit of all countries. This treaty also states that a government cannot acquire lunar property, as it is not subject to national appropriation.

Legality of a lunar colony

Several nations are hoping to Build property on moon over the next decades. Some have already started missions, while others are in the planning stages. These missions are motivated by ambitions to utilise the Moon's natural resources. Others are looking to create a tourist industry.

The legality of a lunar colony is not a simple matter. Several international treaties have been signed to create the legal framework for the use of the Moon. These treaties established that the Moon is a common resource that should be shared by all countries.

Some countries have already benefited from the global commons status of the Moon. In the United States, this is reflected in the Artemis program, a coalition of commercial partners. The Artemis Program is a long-term effort to establish a permanent lunar base and return humans to the Moon by 2024.

A similar approach has been taken by the Chinese National Space Agency, which plans to build a lunar base by 2020. The Russian Space Agency also plans to establish a research base with China on the moon.

International treaties governing extraterrestrial property

Currently, the United States is not a signatory to the Moon Treaty. However, if the United States was a signatory, it would be required to abide by the agreement. The Moon Treaty explicitly prohibits national appropriation of celestial bodies, and imposes additional protections for the Moon. Interestingly, the Moon Treaty applies to all celestial bodies in the solar system.

The United States Congress passed the Spurring Private Aerospace Competitiveness and Entrepreneurship Act (SPACE Act) in 2015, which allows U.S. citizens to own, transport, and use celestial bodies. This is a positive development in space policy, as it allows U.S. citizens to participate in the commercial development of celestial bodies. However, there is a concern that this law may limit U.S. citizens' ability to use celestial bodies in a way that does not reflect the United States' broader interests in the use of space.

In the event that an individual or private group brings a claim for harm to celestial bodies, this could lead to international action. This would raise questions about the scope of the liability regime. The liability regime must address the Moon Treaty's objectives, and it must also be fair and equitable to all States Parties.

Cost of building a settlement on the moon

Getting a settlement up and running on the moon would require a lot of money. It could cost billions of dollars if the colony is large. But new technology is lowering the cost of a moon base.

A recent study suggests that using 3D printers to make bricks could lower the cost of a moon settlement. Regolith bricks could heat indoor spaces and collect energy. They also would protect astronauts from UV radiation.

Researchers are also exploring the possibility of building structures on the moon's surface. The top layer of lunar soil contains 32 ounces of water per ton. These ice deposits could eventually be used as a fuel source. This would also lower the cost of transporting materials to the moon.

A settlement on the moon would also require the establishment of a resupply system. The colonists would have to re-supply their food and air. Failure to do so could put lives at risk.

The colonists would need a source of oxygen and hydrogen. They would also need to recycle water.