D&C 51

Recently I attended a Sunday School class where the teacher read an early contract of inheritance with the law of consecration.  Even though it was an actual agreement it suggested an inheritance to be more rented retaining Church ownership.  The discussion proceeded suggesting that this was the law of consecration.

This was new for Bishop Edward Partridge as he strived to learn his duty.  But we learn with more instruction -

"Wherefore, let my servant Edward Partridge, and those whom he has chosen, in whom I am well pleased, appoint unto this people their portions, every man equal according to his family, according to his circumstances and his wants and needs.
4 And let my servant Edward Partridge, when he shall appoint a man his portion, give unto him a writing that shall secure unto him his portion, that he shall hold it, even this right and this inheritance in the church, until he transgresses and is not accounted worthy by the voice of the church, according to the laws and covenants of the church, to belong to the church.
5 And if he shall transgress and is not accounted worthy to belong to the church, he shall not have power to claim that portion which he has consecrated unto the bishop for the poor and needy of my church; therefore, he shall not retain the gift, but shall only have claim on that portion that is deeded unto him.
6 And thus all things shall be made sure, according to the laws of the land."  (Doctrine and Covenants 51:3–6)

Obviously, that which was given by the Church as an inheritance came in "writing" that is "deeded unto him" "according to the laws of the Land".  An integral part of the law of consecration is personal ownership of property.