Which term best describes the rights to use or occupy property?

Prepare for the Nevada Key Realty Test with our set of flashcards and multiple choice questions. Each question comes with hints and explanations to help you succeed. Get exam-ready!

The term that best describes the rights to use or occupy property is possession. Possession refers to the actual physical control or occupancy of a property, indicating that an individual has the ability to use the property in some manner. This concept is crucial in real estate because it encompasses both legal and physical aspects of property rights. Possession can occur even if legal ownership of the property has not been formally established; for example, a tenant may possess a rental unit without owning the title to it.

Easements, on the other hand, grant specific rights to use a portion of another person’s property for designated purposes but do not convey ownership or occupation rights in the same way possession does. Title refers to the legal ownership of property, which includes the right to possess, use, and convey property, but it is not synonymous with the act of occupying or using the property itself. Ownership includes both possession and title but also encompasses a broader range of rights that ownership entails, making it less specific in terms of simply using or occupying property.

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