Property Ownership and the Bundle of Rights Flashcards
what property right Gives the owner the ability to use the property in any legal manner.
Enjoyment
what property right Allows the owner to control the use of the property, including how others may use the property.
control
what property right Gives the owner the right to sell or convey the property.
disposition
what property right States that the property is owned by the title holder
possession
what property right Provides the owners with the right to decide who may or may not access the property.
exclusion
what rights are granted to landowners whose land abuts a river or stream.
Riparian rights
what rights are granted to landowners whose land borders closed bodies of water, such as lakes and oceans
Littoral rights
what is the legal doctrine that grants water rights to the first individual or entity to take water from a source for beneficial use, such as agriculture or municipal water supplies.
doctrine of prior appropriation
The process in which water carries rocks, sand, and soil and causes land build-up
Accretion
New deposits of land that are the result of accretion (common at the mouth of large rivers)
Alluvion
The increase of land or property due to natural or man-made causes
Accession
Gradual loss of land due to natural force
erosion
Rapid loss of land
Avulsion
Gradual receding of water, which uncovers new land
Reliction
Automatic rights inherent in property ownership
appurtenances
