What term refers to a collection or bundle of ownership interests in real property?

Study for the ASU REA380 Real Estate Fundamentals Exam. Use flashcards, multiple choice questions, and get hints and explanations for each question. Prepare thoroughly for your exam!

The term that refers to a collection or bundle of ownership interests in real property is "estates in land." This concept encompasses the various rights and interests that one may have in real estate, which can include the right to possess, use, and dispose of the property.

Estates in land can be categorized into different types, such as freehold estates and leasehold estates, each with its own set of characteristics regarding duration and ownership rights. The idea of a "bundle of rights" is fundamental in real estate, where each estate represents a portion of the overall rights associated with a property. This terminology is important because it illustrates how ownership in real estate is not just about holding a title but involves various rights that can be separated, sold, or transferred.

The other options do not precisely capture this concept. "Rights to land" is a broader term that might refer to specific legal rights, but it doesn’t specifically denote the complete collection of ownership interests. "Ownership interests" is somewhat vague and does not convey the structured nature of property rights described by "estates in land." "Land tenure," while related to the manner in which land is held, typically describes the system of rights governing land ownership and use rather than the specific bundle of ownership

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy