What is the difference between a real right and a personal right?

Real rights and personal rights are two distinct types of property ownership in Alaska. A real right is a right that is attached to physical property, such as land or a building. Examples of real rights include the right of ownership, the right of exclusion (which gives the owner the right to keep out anyone they don’t want on the property), and the right of succession (which gives the owner the right to pass the property on to someone else after their death). Personal rights, on the other hand, are rights that are attached to a person rather than physical property. Examples of personal rights include the right of possession (which gives a person the right to possess something they own), the right of use (which gives a person the right to access and use property they own), and the right of alienation (which gives a person the right to transfer property into someone else’s name). In summary, real rights are rights that are attached to real (physical) property, while personal rights are rights that are attached to a person. Real rights involve the right to own, exclude, and pass on physical property, while personal rights involve the right to possess, use, and transfer property.

Related FAQs

What is the difference between a real right and a personal right?
What is a landlord's duty to provide safe housing?
What are the necessary steps for a real estate closing?
What is the difference between a deed and a mortgage?
What is a landlord’s duty to repair?
What is a lease?
What is the difference between a restrictive covenant and a zoning ordinance?
What is a deed of cross-conveyance?
What is a pre-existing non-conforming use?
What should be included in a real estate purchase contract?

What is the difference between a real right and a personal right?

Related FAQs

Related Blog Posts