What are ownership rights in real estate?

Ownership rights in real estate encompass a broad range of entitlements associated with the property. The correct choice indicates that these rights include the ability to control surface, subsurface, and airspace usage. This means that an owner can manage not only what happens on the ground (surface rights), such as building a structure or farming, but also has rights to what is below the ground (subsurface rights), like mining or drilling for oil, as well as rights to the air above their property (airspace rights), which affects aspects such as the ability to build upwards or the protection from interference by aircraft.

This comprehensive understanding of ownership rights is fundamental in real estate, as it establishes the various ways that property can be utilized and the legal implications of those uses. These rights also play a critical role in issues like zoning laws, development regulations, and environmental considerations, all vital aspects for potential buyers and investors to understand.