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Real estate law covers your rights to use, possess and enjoy your land and the permanent man-made additions that you may make to that land. This includes the capacity to hold interests in real property, permissible interests in real property, relations between owners, relations between owners and the community, landlord and tenant relations, the transfer of interests in real property, and real property financing, including deeds and mortgages. Transactions in the real estate arena can be governed by both federal and state law.