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The bundle of rights is commonly taught in first-year property courses in law schools in the United States to explain how property can simultaneously be "owned" by multiple parties. Before it was developed, the idea of property was seen in terms of dominion over a thing, as in the ability of the owner to place restrictions on others from ...
A "fee simple" is real property held without limit of time (i.e., permanently) under common law, whereas the highest possible form of ownership is a "fee simple absolute", which is without limitations on the land's use (such as qualifiers or conditions that disallow certain uses of the land or subject the vested interest to termination).
In property law, title is an intangible construct representing a bundle of rights in (to) a piece of property in which a party may own either a legal interest or equitable interest. The rights in the bundle may be separated and held by different parties. It may also refer to a formal document, such as a deed, that serves as evidence of ownership.
Which rights are included in the bundle known as property rights, and which bundles are preferred to which others, is simply a matter of policy. [1] Therefore, a government can prevent the building of a factory on a piece of land, through zoning law or criminal law, without damaging the concept of property. [1] The "bundle of rights" view was ...
Which rights are included in the bundle known as property rights, and which bundles are preferred to which others, is simply a matter of policy. [1] Therefore, a government can prevent the building of a factory on a piece of land, through zoning law or criminal law, without damaging the concept of property. [1] The "bundle of rights" view was ...
This attribute has three broad components, [3] [4] [5] and is often referred to as a bundle of rights in the United States: [6] the right to use the good; the right to earn income from the good; the right to transfer the good to others, alter it, abandon it, or destroy it (the right to ownership cessation)
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fee simple subject to a condition subsequent; fee simple subject to executory limitation; finite estate—limited to lifetimes life estate—fragmented possession and use for duration of someone's life; fee tail—inalienable rights of inheritance for duration of family line; Leasehold estates: rights of possession and use but not ownership ...