land ownership

possession of land, act of having proprietorship of land

Landed property or landed estates is a real estate term that usually refers to a property that generates income for the owner without the owner having to do the actual work of the estate. In Europe, agrarian landed property typically consisted of a manor, several tenant farms, and some privileged enterprises such as a mill. Modern landed property often consists of housing or industrial land, generating income in the form of rents or fees for services provided by facilities on the land, such as port facilities. The Duke of Westminster, one of the UK's richest people, derives much of his wealth from property in what is now central London.
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