Why is property, in legal terms, seen as a bundle of rights? How are those right

Question

Why is property, in legal terms, seen as a bundle of rights? How are those rights secured? Why is it important to clearly distinguish between personal and real property in tax laws, real estate and inheritance issues? Describe how the rights to property can be legally transferred. Do all sales of land require a contract or deed? Describe the steps required to distribute property when a person dies without a will (intestate). Does everyone need a will? You rent an apartment or office-what elements should you make sure are included in your lease? Jane and John are set to buy their first house. Should they be aware/concerned if their ownership agreement is fee simple absolute or qualified? 11:33 PM

Explanation / Answer

Property in legal terms is seen as bundle of rights because for a property there are certain set of legal rights afforded like the right of posession, the right of control, the right of exclusion, the right of enjoyment and
the right of disposition.

These rights can be secured by title insurance It helps the owner to stay rotected against erroneaus claims on their ownership rights.

E.g. In case of any property dispute or ownership confusions 'Title Insurance' will come handy for the owner to
claim the right ownership of the property.

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