Bundle of rights,
Definition of Bundle of rights:
The right of possessionThe right of controlThe right of exclusionThe right of enjoymentThe right of disposition.
A bundle of rights is a term for the set of legal privileges that is generally afforded to a real estate buyer with the transfer of the title. The bundle includes the following:.
The legal rights that come with the purchase of real estate. They may include the right to possess the property, control the property, enjoy the property, dispose of the property, and exclude individuals. The bundle of rights may be divided among different parties.
How to use Bundle of rights in a sentence?
- These rights generally give the buyer the freedom to use the property within the limits of the law.
- Commercial property investors may share some of these rights with other parties.
- A buyer of property gets a bundle of rights along with the title.
Meaning of Bundle of rights & Bundle of rights Definition