Level 1: What Is Real Estate Bundle of Rights Flashcards
The 6 Bundle of Rights
The right of exclusion
The right of possession
The right of disposition (or transfer)
The right of quiet enjoyment
The right of control
The right to encumber
Bundle of Rights - Exclusion
the right to tell trespassers (or anyone!) to get off their land
Bundle of Rights - Possession
the right to occupy, live, breathe, and do whatever on your property because you own it
Bundle of Rights - Disposition (or Transfer)
the right to sell, lease, and/or will a property to anyone you choose
Bundle of Rights - Quiet Enjoyment
the right to use the property for your enjoyment however you (legally) want without interference from a lessor, previous owner
Bundle of Rights - Control
the right to alter, change, or improve a property as an owner sees fit
Bundle of Rights - Encumber
the right to put a property on the line as collateral for debt
TheBundleOfRights_Chart
