What is another term for "bundle of rights" in real estate?

In real estate, the term "bundle of rights" refers to the various rights that a property owner has in relation to their property. This includes the right to possess, control, enjoy, sell, lease, and exclude others from the property. The concept ties closely to the differentiation between real property and personal property.

Real property encompasses land and anything attached to it, which inherently includes these rights. Therefore, identifying "real property" as another term for "bundle of rights" is accurate because it signifies ownership and the comprehensive set of legal rights associated with that ownership. Unlike personal property, which pertains to movable items and does not carry the same inherent rights associated with real estate, real property is defined by its connection to the land and its attached rights.

The other choices, such as a lease agreement, which facilitates the use of a property but does not represent ownership rights directly, and a cancellation agreement, which addresses the termination of existing agreements, do not encompass the full range of rights associated with property ownership. Hence, recognizing "real property" as a synonym for the "bundle of rights" reflects the complete legal interest a property owner holds.