Ownership Rights To Realty

Definition of "Ownership rights to realty"

The right to possess, exclusively occupy, enjoy, control, and dispose of real estate. Ownership rights to realty are granted by the ownership of a title to real property.

Comments for Ownership Rights To Realty

Martin Horsman Martin Horsman said:

what does the term Owner1, and Owner2 mean in New Mexico Home Ownership

Aug 27, 2018  13:11:10

 
Real Estate Agent

Hey Martin,
we need a bit more context to properly answer. But it seems that Owner 1 and 2 are for the times that the house is split in a co-ownership, like between husband and wife. To get you up and running with the specifics, contact one of our New Mexico Real Estate Agents; they will have all the answers you need!

Aug 28, 2018  10:19:24
 
 
image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

Reduction of part of the balance of property by charging an expense or loss account. The reason for a write-down is that some economic event has occurred indicating that the asset's value ...

Dry ravine formed by water runoff. ...

The definition of restraint on alienation is a limitation on the right to convey or transfer owned real estate to another party. This restriction on conveying property has an effect that ...

The method for splitting a commission between a registered real estate sales person and the sponsoring real estate broker, and between the listing broker and the selling broker, or any ...

Looking for an amortization definition? Amortization is an accounting term that basically means something like “reducing the gap between what is owed”. Here’s the play by ...

You’ve put your home on the market and are receiving offers. The next logical step is to sell your house to the buyer who offers you the highest amount of money and start the closing ...

Charge levied against property owners to finance an improvement made by the local government which benefits the homeowners and commercial businesses. Examples are sidewalks and sewers. ...

Transactions taking place between individuals who are alive rather than when one of the parties is either dead (e.g., estate) or is contemplating death. For example, a deed may transfer ...

Heated structure needed to raise fowl. ...

Popular Real Estate Questions