What term describes the rights an owner has for their property?

The term "Bundle of Rights" aptly describes the various rights an owner has concerning their property. This concept encompasses a range of entitlements that come with property ownership, including the right to use the property, sell it, lease it, give it away, and exclude others from it. Each of these rights can be separated and transferred, which forms the basis for many real estate transactions.

Owning a property means holding these rights in a bundle, and they can vary depending on the type of property, local laws, and agreements between parties. This term helps illustrate that property ownership is not merely about the physical land or structure but also about the accompanying privileges that empower the owner to manage their property effectively.

While property rights, ownership interests, and land rights are related concepts, they don’t capture the full spectrum of rights associated with ownership as succinctly as the "Bundle of Rights" does. This term encapsulates the idea that ownership involves a collection of individual rights that can be navigated and leveraged in the context of real estate.