Almost. They own a real estate **title**. There is a land registry and you pay to get listed on it and have your title defended.
Login to reply
Replies (2)
The title is the property, not the land, but you do actually own the title.
The title to something is proof of ownership. So I'll remove your "almost". They don't own a title to their property, the land. The title of real estate is a "color of title" to the land.
Paying for defense makes sense. It's a mafia technique.