Definitions for "BUNDLE OF RIGHTS"
Legal rights - which real estate ownership embraces which include the right to use the property, to sell it, to lease it, to enter it or to give it away. Plus the right to refuse to take any of these actions.
The rights that are related to title of property.These rights can include the rights to control the land, to posses it, to enjoy it, will it to a beneficiary, and so on.These rights usually allow you to lease or rent as well as sell your land.When you purchase foreclosed real estate – or indeed any real estate – you buy these rights from the previous owner.However, you will want to ensure that no rights are restricted or limited in your contract.
a legal theory that compares property rights to a bundle of sticks