Unit 2: Property Ownership and Interests

Question 1

What are the bundle of legal rights?

Answer 1

the legal relationship between the owner and the property

right of disposition (to sell, will, transfer, or otherwise dispose of or encounter the property)

right of enjoyment to use in any legal manner (to uninterrupted use of the property without interference of any third party claiming superior title)

right of exclusion (to keep others from entering or using the property)

right of possession (to use or occupy)

right of control (of the property and its profits within the framework of the law)

Question 2

Define appurtenance

Answer 2

is defined as a right or privileges that go with the land

Question 3

What are surface rights?

Answer 3

are simply the rights to use the surface of the earth

Question 4

What are subsurface rights?

Answer 4

rights to use the space below ground level

Question 5

Riparian rights