Everything You Need to Know About Real Estate – The Bundle of Rights

                Owning a real estate property is one of the many rights of the American people. However, many people fail to understand that beneath the rights that we all enjoy lies a more complex set of rules and laws. There are no reasons to be offended though because these laws secure that the interest of many is heavier and much valued than the interest of one.

                In real estate, one of the most complex rules is the bundle of rights. When you purchase a property complete with the title and other legal papers, you own everything that is within your property’s perimeter. From the soft mud in front of your lawn to the Earth’s core center and to the thinnest and farthest atmosphere we have, exosphere, you theoretically own it. Dig up, create a mausoleum, do nothing, the decision is entirely on the owner’s wish.

                Guided by the law, the bundle of rights secures the following presented below.

1. The right of possession simply tells you that with the title and proper documents, you have the unobstructed liberty to enter and exist on any manner you desire, on any time you want. This is, per se, the most basic of any property ownership. Besides, you don’t want any random person going about in your luxury homes, right?
2. The right of control simply implies that whoever holds the title of a certain land has the power to develop the land on any manner he wishes. Whether it is a farm, an office building or a private cemetery, the owner can do so given that certain legalities on constructing edifices be observed.
3. Among the many rights that a title holder possess is the right of exclusion. If the owner wants to, he/she can exclude other people from entering or using his/her property without any permission. By this, walls, gates or fences can be erected to prevent unwanted entry on the property. Complications arise however when the right to possess coexist with easement, another real estate law. If easement, monitored and specific, is actively being observed in a property you’re about to buy, your right to exclusion becomes limited.
4. The right of enjoyment is as simple as it sounds: as the rightful owner of the property, you’re basic rights and privileges are heavily observed. If your neighbor’s dog has been barking for the past seven days without stop, you can complain to the authorities. This fourth bundle of rights grants the owner to interfere or stop any nuisances inside or outside the property that may hinder your own enjoyment or confinement.
5.   Lastly, as the owner, you have the sole to dispose the property as you wish. Sell it, destroy it or have it rented, surely, the government won’t mind.