Understanding Your Property Rights

Owning property comes with a bundle of rights, often summarized as the right to possess, use, enjoy, and dispose of the property. Possession means you have physical control over the land or building. Use implies you can utilize the property for legal purposes, though this can be restricted by zoning laws, covenants, or easements. Enjoyment means you have the right to peaceful and quiet possession, free from unreasonable interference. Finally, disposal allows you to sell, lease, or gift the property as you see fit. These rights, however, are not absolute and are subject to various limitations.