Which concept entails transferring property ownership rights?

The concept that entails transferring property ownership rights is ownership itself. When ownership is transferred, it signifies the complete control and rights over a property, which includes the ability to sell, lease, or bequeath that property. In real estate transactions, ownership is a key aspect because it defines who holds title to the property and who has the legal rights associated with it.

Possessory interest pertains more to the right to occupy or use property without being the legal owner. It does not inherently involve the transfer of ownership rights. A fixture refers to an item that was once personal property but is now attached to the real estate, thus becoming part of it; this concept deals with property classification rather than ownership transfer. Eminent domain is the power of the government to take private property for public use, which does involve transferring ownership but is not the concept that primarily describes the act of ownership itself. The most direct correlation to transferring ownership rights is through the definition and understanding of ownership itself.