Final answer:
The 'right of disposition' enables a property owner to sell, bequeath, lease, donate, or assign ownership of their property. This right is inherent to the legal concept of property rights, allowing various forms of property transfer and usage agreements.
Step-by-step explanation:
The right that allows a property owner to sell, bequeath, lease, donate, or assign ownership of their property is generally referred to as the 'right of disposition,' which is one of the key components of property ownership. This right is a fundamental aspect of property law and is an important part of the broader legal concept known as 'property rights.' Property rights give the owner the legal authority to determine how their property is used and transferred. When an owner decides to transfer their property, they may sell it, causing the ownership to be transferred in exchange for compensation, or lease it, allowing another party to use the property for a specified period in exchange for rent. Additionally, an owner may choose to donate their property to a person or organization as a gift, or they could bequeath their property through a will, ensuring that it is passed on to their chosen heir upon their death. Lastly, an owner has the right to assign ownership to another individual or entity, effectively transferring their property rights.