Land ownership refers to the legal right to possess, use, and manage a specific piece of land. This can include residential properties, commercial spaces, or agricultural fields. When someone owns land, they have the authority to build on it, sell it, or lease it to others. Ownership is often documented through legal titles, which serve as proof of ownership. Different types of land ownership exist, such as freehold and leasehold. In freehold ownership, the person owns the land indefinitely, while in leasehold, the ownership is temporary and usually lasts for a set number of years. Understanding these distinctions is important for anyone looking to buy or invest in property.