Which term describes the rights of property owners to control their property?

The term that describes the rights of property owners to control their property is "Property rights." This concept encompasses the legal rights that allow individuals to use, manage, and transfer their property. Property rights are fundamental within real estate, as they establish how owners can interact with their land and assets, including the ability to make decisions regarding the development, usage, and disposition of their property.

Ownership rights, while closely related, refer more specifically to the full entitlement of an owner to possess and benefit from their property. Survival rights focus on the rights of heirs or beneficiaries to inherit property upon the death of an owner, which is a more specialized aspect of property ownership. Leasing rights pertain to the rights associated with renting or leasing property, which is separate from the full control and ownership privileges that property rights afford.

By understanding property rights, real estate professionals can navigate legal frameworks effectively and ensure that owners can exercise their control over their assets within the boundaries of the law.