When you recreate your character on a server, the property you own will be set as DECAYED, to disappear after 24 hours. That means if you own a property that only has 17 hours on it, players on the server will still have a crack at it for 24 hours.
PSA: If you wish to leave the server without harming your friends that remain, drop all your loot on the ground, THEN recreate character.
TIP: If you get tired of hitting the SPACEBAR, load yourself to max, then pick up the remaining chests and vaults. Because you are full, they will automatically go into a sack. Then you’ll only need to remove bracelet, leaving behind a fresh scent of Exile.