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Ownership" is the legal right of a person over property (including the right to possess, use and dispose). In real property, a synonym for ownership is tenancy. On the contrary, "possession" means to have control over the property and the intention to exert control over it. The possessor behaves as the real owner without recognizing ownership in somebody else. In the case of leasehold, the "possessor" is just a holder of the property who has actual and physical control over it but without the intention to exert control over the premises and recognizing ownership in another person.
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