Sectional title ownership is the ownership of a unit within a complex or development. Therefore, an owner is required to use and enjoy the property within the bounds of these regulations. In addition, all ownership is also governed by the bylaws of the local council and its regulations. a neighbour may have the right to use a road that passes through the individual’s property). a bank will have a limited real right in respect of the home loan provided) or Homeowners Association, or even a servitude allowing a non-owner use of the property or part thereof (e.g. These can take the form of rights held by a mortgagee (e.g. Firstly, full title ownership is subject to the restrictions or limitations imposed by the law, including any limited real rights that may held by third parties. This freedom, however, does come along with certain limitations. It is the unencumbered right of ownership of a property and offers the owner the most complete or comprehensive control over the property.īoth the buildings as well as the land on which they stand are included in full title ownership, and the owner of such a property is entitled to do with the property as he or she sees fit. This kind of ownership is often what we think of when someone speaks of property ownership.
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