What term refers to ownership that includes the right to use, occupy, and dispose of land?

The term that describes ownership including the right to use, occupy, and dispose of land is known as "Fee Simple Absolute." This represents the highest form of property ownership in real estate law, encompassing complete ownership without any limitations on the use or disposition of the property. This type of ownership allows the holder to make decisions regarding the property, such as selling it, transferring it to heirs, or developing it as desired, provided it is in compliance with local laws and regulations.

In contrast, surface rights refer specifically to the rights to use the land's surface, but do not necessarily include rights to the minerals or resources beneath the land. Real property is a broader term that encompasses land and anything permanently attached to it, but does not specifically define the absolute rights of ownership. Sub-surface rights, on the other hand, pertain exclusively to the minerals and resources found underneath the land's surface, separate from the surface ownership. Hence, Fee Simple Absolute accurately captures the comprehensive rights associated with full ownership of land.