Bundle of Rights
The set of legal rights that come with real property ownership: possession, control, enjoyment, exclusion, and disposition.
Quick flashcard
What does Bundle of Rights mean on the Texas real estate exam?
Answer: The set of legal rights that come with real property ownership: possession, control, enjoyment, exclusion, and disposition.
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Bundle of Rights definition
The bundle of rights describes ownership as a collection of separate legal rights rather than a single thing. The rights are possession, control, enjoyment, exclusion, and disposition. An owner can keep the whole bundle or separate and transfer individual rights.
Because the rights are separable, an owner can sell mineral rights while keeping surface rights, or grant a lease that transfers possession while keeping ownership.
Source basis
Definition checked against the official sources below on .
On the exam
Exam trap
Tested in
Ownership & Title (9 of 80 National)
From definition to recall
See this term inside a real exam question.
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