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bundle of rights theory |
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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. bundle of rights theory A concept describing all the rights capable of ownership in real property.The bundle may be broken, and only some of the rights transferred and others retained, or they may be transferred to different people. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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