The system of ownership that allows individuals to own property is called what?

Prepare for the National Ownership Exam with study materials including flashcards and multiple choice questions featuring detailed hints and explanations. Get ready to ace your exam!

The system of ownership that allows individuals to own property is called allodial. Allodial title indicates that the land is owned free and clear of any rent, service, or obligation to a superior. This means that the property owner has complete control and sovereignty over the property, without any government or feudal system interference.

In contrast, common law refers to a body of unwritten laws based on customs and judicial precedents. Tenancy at will is a form of leasehold interest that can be terminated at any time by either the landlord or tenant. Freehold describes an estate in land, but it does not specifically denote unrestricted ownership as allodial does, since freehold interests can still be subject to certain obligations or restrictions depending on local laws or covenants. By understanding these differences, it becomes clear why allodial is the correct answer for describing a system of property ownership that grants individuals complete ownership rights.

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