The purpose of the thesis is to outline the fundamental aspects of local government of municipalities and their economic management, in particular, in terms of the applicable Act No. 128/200 Coll. on municipalities (municipality establishment), and to define the most critical institutes, legal status and competences of municipalities applicable to management and disposal of real estate property and discuss them in a wider context. Real estate property is a significant property item for municipalities, constituting the territorial element thereof. Management of such property falls within the local authority of the municipalities, which the state does not intervene in. It is an autonomous area of performance of the local governments that is g...