In real estate law, ownership refers to the rights of one or more persons to possess, use, and control property to the exclusion of others. It represents a legal relationship between a person and property that is recognized and protected by law.
Ownership is often described as a bundle of rights, including the rights to use, enjoy, transfer, and exclude others from the property. These rights may be held by a single individual or shared among multiple parties, and they may be limited by law, agreements, or the rights of others.
