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What does a homeowner actually own in relation to their property?

  1. Rights to use the land, not the land itself

  2. Mortgage rights

  3. Ownership of the physical structures on the land

  4. Full control over all property aspects

The correct answer is: Rights to use the land, not the land itself

A homeowner only owns the rights to use the land that their property sits on, not the land itself. This means they are responsible for maintaining and using their property, but they do not technically own the physical land itself. B and D are incorrect as homeowners do not automatically have mortgage rights or full control over all property aspects without additional agreements or conditions. Ownership of the physical structures on the land, as mentioned in option C, is also incorrect as these structures can be bought, sold, or modified separately from the actual land ownership.