What does the right of possession allow an owner to do?

The right of possession is a fundamental component of property ownership, granting the owner the legal authority to occupy and use their property as they see fit. This right ensures that the owner can enjoy their land or structure without interference, enabling them to utilize the space for personal purposes or other intended uses. This occupancy can involve living in the property, conducting business, or any other forms of use that the owner deems appropriate, in accordance with local laws and zoning ordinances.

In this context, the other options do not fully capture the essence of the right of possession. While leveraging the property for loans, selling or disposing of it, and renting the property are all actions that an owner may choose to engage in, these actions depend on additional legal rights beyond just possession. The right of possession primarily focuses on the owner’s ability to physically occupy and use their property.