Property Ownership
New Hampshire's 'Bundle of Rights' for real property ownership includes the rights to:
AVote, speak, and assemble only
BUse, enjoy, exclude, dispose of, and possess the property✓ Correct
CMine, farm, and develop without any restrictions
DOnly the surface rights; mineral rights belong to the state
Explanation
The bundle of rights in real property ownership includes: the right to use, the right to enjoy, the right to exclude others, the right to dispose (sell, mortgage, give away), and the right to possess.
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Key Terms to Know
Adjustable-Rate Mortgage (ARM)
A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
Fee SimpleThe highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
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