Real Property Rights

Question 1

Can the bundle of rights be severed?

Answer 1

Yes, laterally severed into airspace, surface, and subsurface

Question 2

What does right to transfer interests include?

Answer 2

Right to sell, bequeath, lease, donate, or assign ownership interests

Question 3

What is the right to encumber?

Answer 3

The right to mortgage the property as collateral for debt

Question 4

What is the right to exclude?

Answer 4

Gives the property owner the legal right to keep others off the property and to prosecture trespassers

Question 5

What do littoral rights concern?

Answer 5

Littoral rights concern properties abutting bodies of water that are not moving, such as lakes and seas

Question 6

What do riparian rights concern?

Answer 6

Riparian rights concern properties abutting moving water such as streams and rivers

Question 7

What happens when an owner has property abutting a river or stream?

Answer 7

The owner’s riparian rights are determined by whether the river or stream is navigable or not