Individual Legal Rights That Property Owners Enjoy
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Individual Legal Rights That Property Owners Enjoy
Being a real estate owner gives you various rights. These rights are distinct for the seller and also for the buyer. If the property is yours, then, it is best to know and understand these rights. The rights recognized by the one holding to the assets and are:
The right to tenure 

The title is the real link used to show who owns the property, and the one holding it is the rightful owner. Note that being the owner means that you need to follow some laws like the paying of taxes. Failure to do this might lead to you losing the assets. If the deed has your name and you do not have lien or mortgage loan, then you are the rightful owner. However, the mortgage or lien owner might have the right to take your property if you do not see follow through with the payments or the agreement.
The right of governing

The owner has the right govern the property. Nonetheless, there is a limitation on how much governing you can do. Note that before you decide how to use your property, ensure to adhere to any rules made but homeowners association or subdivision. Anything you do to your property should follow these regulations. The rules are there to protect all property owners and guarantee that they are comfortable in their homes.
The right of prohibition

When living in your home, anyone who does not have permission to get in is a trespasser. The exclusion rights forbid others from getting into your home. Law enforcement, however, should be permitted as long as they have a warrant. The law, however, does not protect you from utility companies who have a right to get into your home. They can get into your home since these companies have the right of way and utility lines.
Right of pleasure

As a homeowner, one is allowed to enjoy and use the property as they want as long as they do not do anything against the law. At the same time, you should not do anything which goes against the homeowner covenants or the restriction agreement.
The right of disposition

As long as one has the title, he/she has the right to rent, sell, or transfer ownership of the property as they wish. If you have not cleared the mortgage, then you cannot dispose of the property, before you pay off any credit against the home. The same case applies with the IRS tax lien or mechanic's lien on your property.
Title insurance

Owning the land means that you have a legal document showing you are the owner. Thus, when you buy any property, you should have the one selling giving you the deed. The title deed is the real link that shows the actual right of possession. If you want to protect your rights against any flawed or frivolous claims against you as the owner, then you should get a Title Insurance
The insurance might come in handy and save you a great deal in the future. An example being a time when there is a boundary dispute. Such cases are numerous and might drag in court. If you have a title insurance, then, they will help in the investigation of the claim and will either represent you in refuting the claim or compensate you if you are the one losing some boundaries. The other issues that might threaten the ownership of property rights is the claims by the previous spouse or children to ownership of your assets. The title company will also help you deal with this situation.