What term describes the collection of rights related to property, including possession and enjoyment?

The term "bundle of rights" accurately describes the collection of rights that an owner has in relation to their property. This concept encompasses various rights, including the right to possess, use, sell, lease, or otherwise transfer the property. It highlights the idea that property ownership is not just about having physical possession of the land or structure; it also includes the legal rights that come with that ownership.

Understanding the bundle of rights is crucial in real estate, as it indicates the extent of what an owner can do with their property. For example, someone may own a piece of real estate but may have limited rights due to zoning laws, deed restrictions, or easements – aspects that can affect their enjoyment and use of the property.

The other options, while related to property ownership, do not capture the comprehensive nature of rights as effectively. An estate in fee simple refers specifically to the most complete form of ownership in real estate but does not encompass all rights that can be bundled. Title of ownership pertains to the legal documentation indicating ownership of a property but does not embody the rights themselves. A certificate of property might refer to a document related to ownership or property status but lacks the broader implications of rights associated with property.

The concept of the bundle of rights is