Property Ownership
In South Dakota, 'property rights' associated with real property ownership include all of the following EXCEPT:
AThe right to use the property within legal limits
BThe right to exclude others from the property
CThe right to receive a guaranteed return on investment from the property✓ Correct
DThe right to transfer or sell the property
Explanation
The bundle of rights includes use, enjoyment, exclusion, encumbrance, and transfer. There is no guaranteed right to a specific return on investment — property values and investment returns are subject to market forces. Real property ownership provides rights but not guarantees of financial return.
Related South Dakota Property Ownership Questions
- In South Dakota, a deed must be delivered and accepted to be effective. 'Delivery' means:
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