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Land tenure (or rural property rights) is generally regarded as a system of rights and obligations about land and property within a society or community. Land tenure can be viewed as a “bundle” of rights, where rights can be added, removed, or divided.

Formal versus Informal Tenure

There are several broad types of land tenure prevalent in most countries. Private property is a popular form, particularly in developed Western countries. In a private property system a piece of land belongs to a person or corporation, and this person or group has the right to sell it, lend it, use it as collateral, or split it up. Rights in the bundle are usually prescribed, as in zoning for a particular purpose (commercial, residential, agriculture, and so on), ...

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