Real Property Rights

These real property rights include:

• The right to possess the land and to use it

• The right to lease the land to another party

• The right to sell the land to another party

• The right to give the land to another party

• The right to retain the land and not do any of the above

There are 3 types of land ownership and each has unique rights and

obligations. Real estate professionals must understand the types of real

property ownership and the associated rights that apply to properties involved

in their transactions. The types of real property ownership are:

• Sole ownership

• Joint tenancy

• Tenancy in common