Bundle Of Rights Theory


Definition of "Bundle of rights theory"

Those legal rights that are a part of the ownership of property. These rights include the rights to occupy and use, peaceful enjoyment, bequeath, construct a structure, lease, sell, mine, and improve.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Level Payment Mortgage

Each payment made by the borrower is equal each period, usually monthly. Each payment is comprised o ...

Usufructuary

Individual who has the right to the use of assets while the usufruct is in force. ...

Receipt

receiving something such as a cash payment. Written statement that something has been received su ...

Market Assistance Plans (maps)

Voluntary state insurance programs that aid small businesses in acquiring insurance coverages when t ...

Tort, Defense Against Unintentional

Excuses raised by a defendant in a negligent suit (unintentional tort). There are three basic defens ...

Assignment Of Mortgage

Transfer of an assumable mortgage from the old owner to the new owner. ...

Related Real Estate FAQ

What Is A Private Mortgage?

Private mortgage insurance is insurance that protects mortgage lenders against default on loans by p ...

What Is A Survey?

A survey is an examination of a property\'s boundaries to determine the quantity of land, location o ...

What Is Escrow?

Escrow is a trust account created by a neutral third party to hold money for the seller or buyer. Wh ...

What Is A CD?

A CD, or Certificate of Deposit, is an investment usually made for a given period of time at a fixed ...

What Is A Default?

A default is when a person fails to make payments on a loan. ...

What Are The Benefits Of Liability Insurance?

General Liability Coverage includes: Bodily Injury Liability Coverage: Help protect you in case ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Is it better to buy or sell a home first What is the Best Time of Year to Buy a Home? Home Prices - The Extra Costs What is Earnest Money 5 signs of house foundation problems

FAQ

What is an investment property? What is a quit claim deed? What do I need to know about Group Health Insurance? What do I need to know about RV Insurance? What is a qualifying ratio?