Who is defined as the person with legal rights of possession or title to a building?

The person defined as having the legal rights of possession or title to a building is the owner. An owner holds the ultimate legal authority over the property, which includes the rights to use, sell, lease, or develop the building in accordance with pertinent laws and regulations. This legal status provides the owner with the ability to make decisions regarding the property and to receive any income generated from it.

Landlords and property managers typically operate under the authority of the owner. A landlord may have specific rights and responsibilities concerning tenants, but does not necessarily own the property outright. A property manager, meanwhile, is usually hired by the owner to manage the property on their behalf, dealing with day-to-day operations but lacking the legal ownership. Tenants hold rights to occupy and use the space based on lease agreements, but they do not possess legal title to the property. Thus, the distinction between ownership and the rights granted to tenants or those hired to manage the property is critical in understanding property relations and legal rights.