The techniques and mechanisms described herein are directed at property management mechanisms that operate within an on-demand property system. The property management mechanisms support the caching of property values on an as needed basis, allow a plurality of object instances to utilize the same property via attached properties, overriding default information associated with a property on a per type basis, obtaining values for a property from an external source, and the like. In addition, the on-demand property system provides validation and control for each property instance. The property management mechanisms minimize the storage requirements and provide flexibility without requiring additional code from the developers.