Property Ownership
In New Mexico, the bundle of rights concept means that property ownership includes the rights to:
AUse, sell, and pay taxes on the property
BUse, possess, transfer, encumber, and exclude others✓ Correct
CBuild, demolish, and zone the property
DVote on zoning changes affecting the property
Explanation
The bundle of rights concept defines ownership as a collection of legal rights: the right to use, possess, transfer (sell, gift, will), encumber (mortgage), and exclude others from the property.
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