You need to know – What are the bundle of rights?

YouNeedToKnowWeb500There are four legal rights of ownership of real property; these are known as the bundle of rights:

  • Disposition – the right to sell the property
  • Use – the right to quiet enjoyment of the property (that is, its use) without being disturbed and the right to determine how the property is used
  • Possession – the right to occupy the property
  • Exclusion – the right to prevent others from using the property

Each of these rights can be transferred independently; for example if an owner grants a lease to a third party, the right to possession is being transferred for the duration of the lease