Land refers to the surface of the earth, including everything naturally attached to it, such as soil, minerals, water, and vegetation. It also encompasses structures, buildings, and fixtures permanently attached to the ground. Land is a crucial factor in property ownership and real estate transactions, with its value influenced by factors like location, topography, accessibility, and zoning regulations. In legal terms, land ownership grants certain rights and responsibilities, including the right to use, possess, transfer, and develop the property, subject to applicable laws and regulations. Land is a finite and valuable resource that plays a significant role in various aspects of human life, including agriculture, housing, commerce, and recreation.
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This glossary post was last updated: 29th March, 2024.
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