Real Property

Real property law, often referred to as real estate law, is a branch of law that governs the ownership, transfer, and use of land and the structures permanently attached to it. This area of law is fundamentally concerned with the "bundle of rights" associated with property ownership, which includes the right to possess, use, enjoy, and dispose of the property. It deals with a wide range of legal concepts and transactions, such as deeds, mortgages, leases, easements, and zoning regulations. The legal framework ensures that property rights are protected and that transactions are conducted in an orderly and transparent manner, providing clarity and security for both buyers and sellers.

A key aspect of real property law is the distinction between different types of ownership, such as freehold (indefinite ownership) and leasehold (ownership for a fixed term). The law also addresses the various ways in which property can be held, including sole ownership, joint tenancy, and tenancy in common. Additionally, it governs the legal processes for transferring property, such as conveyancing and the role of title registration systems like the Torrens system. Real property law is critical for managing land use, resolving disputes over boundaries or ownership, and facilitating the real estate market by providing a framework for financing and securing property with mortgages and other charges.