Define: Bundle Of Legal Rights

Bundle Of Legal Rights
Bundle Of Legal Rights
Quick Summary of Bundle Of Legal Rights

The “bundle of legal rights” is a concept in property law that refers to the various rights and interests associated with owning real property. These rights include the right to possess, use, enjoy, transfer, and exclude others from the property. Owners of real property hold a bundle of these rights, which can be separated, divided, or transferred individually. For example, an owner may sell or lease their property, grant easements, or mortgage it while retaining certain rights. Understanding the bundle of legal rights is fundamental for property owners, as it delineates the scope of their ownership and the rights they can exercise over their property.

Full Definition Of Bundle Of Legal Rights

The concept of land ownership that includes ownership of all legal rights to the land; for example, possession, control within the law, and enjoyment.

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This glossary post was last updated: 28th March, 2024.

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