Step 1: Identify the correct spelling.
The word \textit{property} refers to possessions, land, or other assets. It is the term for something that is owned or belongs to someone.
Step 2: Check the other options.
PROPIRTY, PROPRITARY, PROPORITY — all misspelled versions of the word.
PROPERTY — correct.
Step 3: Conclusion.
The correct spelling is \textit{property}, which is the only option that conforms to standard English usage.