Property Ownership
In New Jersey, the 'bundle of rights' theory of property ownership includes the right to:
AIgnore municipal zoning requirements
BUse, enjoy, exclude others, encumber, and dispose of the property✓ Correct
COverride recorded easements
DRefuse all government inspections
Explanation
Property ownership is often described as a 'bundle of rights' including the right to use the property, enjoy it, exclude others, encumber it (mortgage), and dispose of it (sell, gift, or will it). Government powers like taxation, eminent domain, and police power limit these rights.
Related New Jersey Property Ownership Questions
- In NJ, a 'fee simple subject to an executory limitation' (also called fee simple on an executory interest) means:
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- In New Jersey, the government's power of 'eminent domain' allows:
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