What is meant by the "Right of Disposition" in real property?

The "Right of Disposition" in real property refers to the ability of a property owner to transfer their interest in the property to others, primarily through selling or leasing it. This right encompasses the owner's authority to decide how they want to convey or dispose of their property, whether that means transferring ownership through a sale or granting temporary use through a lease.

This right is a fundamental aspect of property ownership because it allows owners to capitalize on their investments. Without the Right of Disposition, owners would lack the ability to control their asset or realize its value by transferring it to someone else.

While the other options address important aspects of property rights, they do not specifically define the Right of Disposition. The right to use the property as one sees fit pertains to use rights; the right to exclude others involves the concept of possession; and the right to alter the physical space refers to development rights. Each of these rights plays a role in the broader context of property ownership but does not capture the essence of the Right of Disposition as clearly as the ability to sell or lease the property does.