Bundle-of-Rights Theory

Bundle-of-Rights Theory

The total rights that come with the sale of real estate. The bundle of rights includes the ability to live on the property, to make improvements, to sell or rent it and otherwise to do anything to the property that does not violate the law.
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19) Clearly there is more to property than simply private property, but such is the power of private property that it dominates both the conventional categorization of property and the current understanding of the bundle-of-rights theory.
The rights typically included in the bundle-of-rights theory are the right to exclude, the right to use, the right to possession and so on, but not all of these rights are considered equally important.