The bundle of rights means a metaphorical expression that conveys several complications related to the ownership of property. This term is used to talk about complete ownership of property being partitioned into several types of entitlements of multiple stakeholders. It means that there are multiple individuals in the arrangement, all with varying property ownership rights of their own.
This term denotes the varying rights and interests of title holders of real estate with regard to property ownership. Whenever one owns any property, there is a bundle of various rights, including the right to lease, sell, exclude, use, dispose of, develop, or enjoy the property in question. The titleholder may have the legal right to enjoy and use the property in whichever way he/she wishes. Restrictions may apply depending on several factors.
The bundle of rights is a term that indicates the set of legal rights that are given to property owners. Real estate buyers will thus have the right of sale, possession, enjoyment, control, exclusion, development, and disposition of the property. Once the property is transferred to a buyer, he/she will have the full bundle of legal rights over the same. Simultaneously, some of the rights may be legally assigned to various other parties.
