Definition: The collection of rights associated with real property ownership, commonly taught as possession, control, enjoyment, exclusion, and disposition.
Example
An owner occupies a home, excludes trespassers, and later sells the ownership interest.
Keep the distinction clear
Ownership rights are subject to lawful limits such as zoning, easements, leases, and restrictions. An owner can transfer or share individual rights without transferring every right.
Related terms
Real Property · Fee Simple Estate · Air Rights
Keep studying
DEEP C: The Bundle of Property Rights Explained
References: California DRE: real estate glossary
Pronunciation (US): BUN-dul uv LEE-gul RYTS (capitals show stress)
Pronunciation reference: Merriam-Webster
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