Market-based land tenure systems

Market-based land tenure systems allocate land rights primarily through economic transactions, such as buying, selling, leasing, or renting. Under this approach, land is treated as an asset that can be traded in open markets, with ownership and usage rights established based on market agreements. These systems promote efficiency by encouraging investment and productivity, as land can be freely exchanged or leased. However, they may also lead to disparities if access to land becomes limited for those unable to afford transactions, and often require well-defined legal frameworks to ensure clear and enforceable rights.