property right

The term property right means, with respect to real estate, any of the following rights or abilities, whether or not exercised, whether or not shared concurrently with any other person, and whether or not the underlying real estate is subject to an easement or other encumbrance:
(1) To physically access the real estate;
(2) To exclude others from physically accessing the real estate;
(3) To improve or develop the real estate; or
(4) To attach fixed or immovable structures or objects to the real estate.


31 CFR § 802.233

Scoping language

Is this correct? or