Property Ownership
The bundle of rights associated with real property ownership includes all of the following EXCEPT:
ARight to use the property
BRight to exclude others
CRight to receive government subsidy✓ Correct
DRight to dispose of the property
Explanation
The traditional bundle of rights includes the right to use, possess, exclude others, enjoy, and dispose of the property. The right to receive a government subsidy is not part of the legal bundle of rights.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Fee SimpleThe highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
EasementA non-possessory right to use another person's land for a specific purpose.
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