Property Ownership
In Michigan, the 'bundle of rights' concept in real estate includes the right to:
AViolate zoning laws if the owner purchased the property before zoning was enacted
BPossess, use, enjoy, encumber, and dispose of property✓ Correct
CPrevent all government regulation of the property
DDemand the highest possible rent from tenants
Explanation
The bundle of rights encompasses possession, use and enjoyment, encumbering (mortgaging), exclusion of others, and disposition (sale, gift, bequest). These rights may be limited by government powers (taxation, police power, eminent domain, escheat).
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