Bundle Of Rights Flashcards
Gives owner the ability to use property in any legal manner.
Enjoyment
Allows owner to control the use of the property, including how others may use the property
Control
Gives the owner the right to sell or convey the property
Disposition
States the property is owned by the title holder
Possession
Provides the owners with the right to decide who may or may not access the property
Exclusion
Where landowners properties border commercial navigable bodies of water such as lakes and oceans
Littoral
Properties that have a river or stream
Riparian
If you have a stream on your property that you retain the rights too
Pror Appropriation
Rights for real property owners include
AIR
WATER
MINERAL
Describes new deposits of land that are the result of
Accretion
This is included with real property rights
Enjoyment
What economic characteristic describes the availability of resources - such as land for building that are in short supply
Scarcity