A Guide To Understanding Bundle Of Rights In Real Estate
Author:
Molly GraceFeb 26, 2023
•4-minute read
Though “while you’re under my roof, you live by my rules,” is a bummer to hear when you’re a teenager, it’s a pretty good intro into rights that come with homeownership.
But homeownership is complex; when you have ownership interest in a property, your rights to that property are multifaceted, and there are many things that can impact those rights.
This is where the bundle of rights comes in.
What Is A Bundle Of Rights In Real Estate?
The bundle of rights is a concept that helps us understand our rights to the property we own. So what does it mean, exactly?
The term “bundle of rights” describes the set of legal rights associated with ownership of real property. The “bundle” is made up of five different rights: the right of possession, the right of control, the right of exclusion, the right of enjoyment and the right of disposition.