> Buying something and buying a right to use it are two different things. If somebody told me that they are selling me a house and then I discover that I only got the right to live in it, I would be pissed off.
Probably a bad example - lots of property deals are structured as purchasing the 'leasehold' where you only get the right to live in it and do not own the physical property/land.
Most times when people buy an apartment/flat for example, you aren't actually buying an apartment, you are buying a right to rent an apartment.
This is very common in the UK, and does happen in the USA too (e.g. in New York).
This is distinct from buying a freehold property where you are buying the land and structure, rather than just buying a right to rent for a particular term.
Probably a bad example - lots of property deals are structured as purchasing the 'leasehold' where you only get the right to live in it and do not own the physical property/land.
Most times when people buy an apartment/flat for example, you aren't actually buying an apartment, you are buying a right to rent an apartment.
This is very common in the UK, and does happen in the USA too (e.g. in New York).
This is distinct from buying a freehold property where you are buying the land and structure, rather than just buying a right to rent for a particular term.