Owner

What is an owner? 

In the context of real estate, an owner is someone who legally possesses a property. They have the right to use, sell, or rent out the property as they see fit. 

What rights do I have as a property owner? 

Property owners have several rights, some include: 

• Right to use: owners have the right to occupy and use their property as they see fit, within the limits of the law.
• Right to transfer: owners can sell, transfer, or lease their property to others.
• Right to modify: owners generally have the right to make alterations or improvements to their property, subject to applicable building codes or regulations.
• Right to enjoyment: owners have the right to peaceful enjoyment of their property without interference from others.
• Right to lease: if the property is rented out, owners have the right to collect rental income from tenants.

What is the difference between freehold and leasehold ownership? 

Freehold ownership means you own the property and the land it sits on outright, with no time limit. Leasehold ownership grants you the right to use the property for a set period, typically through a lease agreement with the freehold owner.