Property Ownership
The 'bundle of rights' associated with fee simple ownership in Utah includes the right to:
AUse, possess, transfer, exclude others, and encumber the property✓ Correct
BOnly use and possess the property
CTransfer the property only to immediate family members
DUse the property in any manner regardless of zoning or private restrictions
Explanation
Fee simple ownership includes the full bundle of rights: use (occupy and use the property), possess (physical control), transfer (sell, gift, devise), exclude others (prevent trespass), and encumber (mortgage or place liens). These rights are subject to government regulations and private restrictions.
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Key Terms to Know
Fee Simple
The highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
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