What does 'seisin' refer to in real estate?

Seisin refers to the legal possession of real property, which encompasses both the physical occupation of the land and the rights to use and control it. It signifies that the person is in possession of a freehold estate and has the right to use the property as they see fit, which is vital in establishing ownership and authority over the land.

In this context, having seisin means that the individual has not just a claim to the property but also the actual possession and the associated rights that come with ownership. It is a fundamental concept in property law, as it implies not only possession but also the legal title necessary to enforce that possession.

Understanding seisin is critical because it impacts various aspects of real estate transactions, including the validity of property titles and claims. The other options relate to different facets of real estate, such as tax obligations, disputes involving third-party claims, or the quality of the title, but do not directly address the core concept of possession and ownership that seisin represents.