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One of the things we can note about other BDSM roles, such as top, bottom, dominant, submissive, master, and slave, is that there's an implicit recognition that the partner in each case is a respected, fully-functional, human member of a two-person team. This is not the case with owner/property roles.

An owner possesses property who, in the context of the relationship or their activities together, has limited rights and who is often objectified or dehumanised.

Typically, the property is simply used for some purpose by the owner. This can be sexually, where the property is simply treated as a cunt to fuck, for example.