Unit 3 Assignment - Homeowners' Rights.docx - UNIT 3...

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UNIT 3: HOMEOWNERS’ RIGHTS 1 Unit 3: Homeowners’ Rights Kayla Stachura Herzing University PL235-7: Property Law and Intellectual Property Law
UNIT 3: HOMEOWNERS’ RIGHTS 2 Homeowners’ Rights In the event of purchasing land, a homeowner does not only gain the property but also gains legal rights to the land. Property rights that are transferred to the new owner include possession, control, exclusion, enjoyment, and disposition. Possession is in the hands of whomever holds the title. Once you hold possession of the property you then have the right to control it by adhering to any subdivision or homeowner covenants and restrictions that apply (Kimmons, 2019). With control, you also have the right to exclude those you wish not to have access to your land. As a property owner, you are able to utilize the land any way you wish as long as it is in a legal sense. In addition, you gain disposition meaning, at any point in time you are able to transfer the property to someone else. In this case, Ricky was the original owner of 50-acres, he divided his land into 45 one- acre lots with access roads and sold the individual lots to 30 different purchasers and retained ownership of a block of 15 contiguous lots located on the easterly edge of the tract. However, it was said that Ricky owned an unzoned 50-acre tract which was unimproved. When property is

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