In real estate, what does the term "disposition" refer to?

The term "disposition" in real estate specifically refers to the ability to transfer or sell property rights. This concept encompasses several activities that involve the change of ownership or interest in a property. Disposition can include selling, leasing, donating, or otherwise conveying property to another party. It highlights the process and legalities involved in transferring ownership, which is a fundamental aspect of property transactions.

The other options relate to different concepts in real estate. The duration of property ownership pertains more to the length of time a person holds a title, while the physical condition of the property relates to its maintenance and structural integrity. The capability to borrow against property involves the potential to secure loans using the property as collateral, which is a financial aspect rather than a direct reference to property rights. Thus, “disposition” distinctly refers to the act of transferring ownership, making it the accurate choice.