Property Ownership
In New Mexico, the term 'bundle of rights' in real estate refers to:
AA stack of title insurance policies
BThe collection of legal rights associated with property ownership: right to use, exclude, dispose of, mortgage, and enjoy the property✓ Correct
CThe escrow documentation package
DThe rights granted under a lease agreement
Explanation
The 'bundle of rights' concept holds that real property ownership is a collection of rights — use, enjoyment, exclusion, disposition, and encumbrance. These rights can be separated and transferred individually (e.
Related New Mexico Property Ownership Questions
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