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Page 19 of 34 |
What is owning real property about? |
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You have a right to do with the land as you please, subject to restrictions imposed by law. When you own land, you can do many things with it, such as:
(1) use it;
(2) rent or lease it to others;
(3) sell or transfer it;
(4) give it away;
(5) use it as collateral for a loan;
(6) bequeath it to intended beneficiaries (by will or trust upon your death);
(7) let it sit where it is without doing anything to it (although this could create problems due to restrictions imposed by law.) |
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