USA HISTORY

Detailed explanation-1: -When it comes to checking the ownership status of the property, always check on the official website of the land records of the state where the property is located. For example, if the property is located in U.P to check the ownership status visit the official land records website of U.P.

Detailed explanation-2: -You probably own the land Generally speaking, it’s likely that you own the property underneath and around your house. Most property ownership law is based on the Latin doctrine, “For whoever owns the soil, it is theirs up to heaven and down to hell.” There can be exceptions, though.

Detailed explanation-3: -Under a ground lease, tenants own their building, but not the land it’s built on. Since this is a lesser-known type of leasing structure, here’s a primer on ground leases for real estate investors.

Detailed explanation-4: -Typically, when you purchase a home, you do own whatever lies in and around the property. However, in some parts of the country, homeowners are realizing the land they paid for does not include the land beneath it. Another party, home builders or home sellers, may own the mineral rights.