Land tenure system entails legally owned land and the incorporated resources available. It defines how land is allocated according to the laid rules by the host government, and this also includes the period of land usage. Tenure system can be deduced from customary laws or society invented regulations to observe the usage behavior. It depends on a variety of aspects, economics, the country’s politics, laid policies, and the social. Here are some fundamental basics about the land tenure system you should know.
This entails the ownership that cannot be transferred since it is hereditary and can be passed from one person to another. Life estate; involves the type ownership, which only comes to an end under the holder’s death. This means that the holder has the right to a lifetime use the land but cannot be used to secure loans. Many countries have different regulations, and it is wise if you try to understand what it entails before investing.