There are a number of different ways to control real estate. Most of us own our homes or buildings on a "fee simple" basis, which means that we own the land and anything on it for as long as we want to, including the right to control what happens with it after we die. The other extreme is a leasehold interest, where someone else owns the land, but gives us the right to use it for a period of time. After the lease expires, we lose the right to use the land, and both ownership and use revert back to the owner.
Hope this helps.
Do you need some assistance finding a home? I'd be happy to help and work right here in HB. Give me a call (714-552-2335) or drop me an email (Tim@TimKunze.com) and let's get started.
OC Homes Realty