The consequences of having property? (7)
I believe the answer is:
effects
'the consequences' is the definition.
('effect' can be a synonym of 'consequence')
I don't understand how the remainder of the clue works.
Can you help me to learn more?
(Other definitions for effects that I've seen before include "Personal property - results" , "Personal belongings" , "Impressions produced, or property" , "Total possessions" , "forces" .)