Bundle of Rights

Bundle Of Rights Approach To ValueThe bundle of rights theory maintains that ownership of a parcel of real estate may embrace a great many rights, such as the right to its occupancy and use; ...
www.privatelandownernetwork.org/plnlo/bundleofrights.asp - 19k - Cached - Similar pages

Bundle of Rights - Wikipedia, the free encyclopediaThe bundle of rights theory is a common way of explaining how rights in property are ... This Real estate article is a stub. You can help Wikipedia grow by ...
en.wikipedia.org/wiki/Bundle_of_rights - 15k - Cached - Similar pages

Bundle of Rights
From Wikipedia, the free encyclopedia
(Redirected from Bundle of rights)
Jump to: navigation, search
The bundle of rights theory is a common way of explaining how rights in property are held. It is a theory and teaching tool, and thus is not subject to being either true or false - rather it is a means of organizing a large set of confusing and sometimes contradictory data.
===========================================================
The bundle of rights theory is commonly used in US first-year law school property classes to explain how a property can simultaneously be "owned" in some sense by multiple parties. For example, a husband and wife can be owners (technically, title owners) of real property that is also encumbered by a mortgage and a mechanics lien. Their neighbor may have an easement for a utility line, and a license for entry and exit to a nearby plot of land. Planes have the right to fly through their airspace. Constitutionally, the state and federal governments always hold the right to condemnation, also called eminent domain, and the government at multiple levels retains various regulatory rights such as environmental regulation, zoning, and building codes.

Thus, when examined closely, ownership of land is actually a much more complex proposition than simply acquiring all the rights to it. In order to make sense of this jumble of competing interests, it is useful to imagine a bundle of rights that can be separated and reassembled. A "stack of sticks" - in which each stick represents an individual right (such as the right to possess or sell or lease the property) - is a popular analogy used within the bundle of rights. Any property owner possesses a set of sticks related to the property. For example, perfection of a mechanics lien takes some, but not all, rights out of the bundle held by the owner. Resolving that lien returns those rights or "sticks" to the bundle. In the United States, ultimately, no owner ever holds the fullest possible bundle. Even the US federal government's ownership of land is restricted in some ways by state property law.
===============================================================

List of real estate topics - Wikipedia, the free encyclopediaThis aims to be a complete list of the articles on real estate. ... Binder · Blockbusting · Buyer's agent in real estate; Bundle of Rights ...
en.wikipedia.org/wiki/List_of_real_estate_topics - 37k - Cached - Similar pages

[PPT] California Real Estate Principles, 5th EditionFile Format: Microsoft Powerpoint - View as HTML
Bundle of Rights:. Right of Possession; Right to control property’s use; Right to exclude others; Right to dispose of the property. Real estate can be ...
www.anderson.ucla.edu/zone/clubs/area/Library/tutorials/CArealestateLaw_01.ppt - Similar pages

Real Estate Glossary - B 11/26/06Real estate glossary for word beginning with the letter B. ... Bundle of Rights Ownership in real property implies a group of rights, such as the right of ...
www.homes-and-real-estate.com/glossary/b.htm - 8k - Cached - Similar pages

HomeGain - Real Estate Guide and Glossary for Home Sellers and BuyersReal estate simplicity from HomeGain. Choose a REALTOR, use free online ... Bundle of rights. The various interests or rights an owner has in a property. ...
www.homegain.com/info_center/glossary/results?qurl=hgshow.cfm&mi=lg&id=154&ClientID=1000 - 27k - Cached - Similar pages

Dictionary - Land Title Guarantee Company: Real Estate DictionaryDefinitions of some commonly used Real Estate industry terms, ... BUNDLE OF RIGHTS: The legal rights or interests that an owner holds in a property. ...
www.ltgc.com/dictionary.html - 116k - Cached - Similar pages

Miller Samuel | Manhattan Real Estate Appraisers & ConsultantsMiller Samuel provides aggregate market data for the Trulia real estate search ... When I think of the term bundle, I think of the bundle of rights as it ...
www.millersamuel.com/ - 18k - Cached - Similar pages

Timberland AppraisalPartial interests in real estate are created by selling, leasing, or otherwise limiting the bundle of rights in a fee simple estate. ...
www.timbertax.org/getstarted/appraisal/propertyrights.asp - 11k - Cached - Similar pages

Bundle-Of-Rights Theory: Information from Answers.comBundle-Of-Rights Theory In real estate law, theory that ownership of realty implies a group of rights such as occupancy, use and enjoyment, and the.
www.answers.com/topic/bundle-of-rights-theory - 34k -