I offer in this article an account of the distinction between intrinsic and extrinsic properties based on the ontology of modes. Modes are particular properties that directly depend for their identity on their "bearers". In Section 1, I shall introduce the ontology of modes. In Section 2, I shall examine the problem of distinguishing between intrinsic and extrinsic properties by considering another, related problem: that of distinguishing between internal and external relations. In Section 3, I shall present my own account and I shall also single out different degrees of intrinsicality and extrinsicality. In Section 4, I shall deal with missing-relatum modes, namely, with modes that lack specific relata, such as Othello's loving someone. I shall introduce three different theories to deal with them. Finally, in Section 5, I shall solve some problems affecting the intrinsic/extrinsic distinction from the standpoint of my account.