Property Ownership
In New York, the 'bundle of rights' concept in real property ownership refers to:
AThe list of covenants in a warranty deed
BThe collection of legal rights associated with property ownership, including the rights to use, sell, lease, mortgage, and exclude others✓ Correct
CThe rights granted under the New York Human Rights Law
DThe procedures for transferring title
Explanation
The 'bundle of rights' is a concept in New York and general real estate law referring to the collection of legal rights that come with property ownership: the right to use, possess, sell, lease, encumber (mortgage), exclude others, and enjoy. These rights can be held together or separated (e.
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