legal ownership

Having lawful title

Legal ownership is the formal right to possess, use, and dispose of property as recognized by law.

It differs from mere possession—a thief possesses stolen goods but doesn't legally own them.

Legal ownership typically requires documentation: The deed establishes legal ownership of the house.

The term often appears when distinguishing registered title from practical control or beneficial interest.

Related

beneficiary · lien · copyright · trade secret · equity · agreement · assignation · encumbrance · trademark · patent · probate · power of attorney · quitclaim · land registry · conveyance · property · executor · vesting

Categories
Opposites
property rights status

legal ownershipillegal possession

Crime of holding prohibited items

unlawful possession · dispossession · theft · stolen property · physical possession

duration and nature of rights

legal ownershiptemporary possession

lease · rental · bailment · loan · usufruct

possession type

legal ownershipphysical possession

Tangible item owned

custody · holding · occupancy · having · stewardship

Family

legal, ownership

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