Sole ownership – Sole ownership is the right of the owner of a certain object or piece of land to determine this thing alone. In the case of real estate, ownership is determined by which owner is registered in the land register. The sole owner of a property has the right to do whatever he wants with it, as long as the law or the neighbours do not oppose him.
Sole Proprietorship at a Glance: An almost limitless right
- Owner is the sole master of an object or land
- In the case of real estate, the owner is the one entered in the land register
- Owner can own, use or even destroy property without consequences
- Consequences are only drawn as soon as the law or third parties oppose the right
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