You do not have the right to put up memorials on private property. Sad but true.

What Rights Do Property Owners Have?

By Jacob Workman, eHow Contributor

It has been said that the tried and true way of becoming rich is to own real estate. Owning property has been folded into the American dream. There are certain basic rights that all property owners have. Owners who know what they can and can't do with property they own are in a position to potentially save a lot of money, headaches and frustration.

1. 

Bundle Of Rights

2. There is a theory that certain rights accompany the ownership of real estate. These are called the "bundle of rights" and can be broken down into five core groups: possession, control, exclusion, enjoyment, and disposition.

Right Of Possession

3. This says a property owner, by the fact that he holds the deed to the property, has the right of possession. It could be argued that every other right hinges on this one.

Right of Control

4. A property owner can do whatever she wants to do with the property. This is normally seen with renovations or modifications with a piece of property, like a swimming pool or new roof.

Right Of Exclusion

5. Entities can be banned from being on the property or there may only be certain times patrons, residents or visitors are allowed on the property.

Right Of Enjoyment

6. An owner can enjoy her property by throwing parties, cookouts, bonfires, family gatherings, picnics or whatever else she can think of that can lead to enjoyment on the property.

Right of Disposition

7. This means the owner can lease, rent, sell or share the property as he sees fit. The property can be transferred or given away in whatever fashion the property owner desires.

Exceptions

8. A property owner's rights are not sovereign and are subject to the confines of the law.
   
   The government can and does limit these rights. This is done in the form of taxes, police enforcement, eminent domain, and escheat (the government taking property that has no heir).
   
   There are also private restrictions that may be put on a piece of real estate property outlined in the deed. For example, someone may own a condominium but they still must abide by the condominium association's rules. Or property easements for utility companies to run underground pipes or lines on the property.
   
   Another restriction is the right-of-way easement, which gives another person the right to travel across the owner's property as in the case of a shared driveway.

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