Property ownership extends beyond mere possession, encapsulating a diverse array of rights collectively known as the "bundle of rights." These rights form the foundation of property law, dictating the extent of control and authority an owner possesses over their property.

The Right to Transfer: Central to property ownership is the right to transfer, allowing owners the freedom to alienate or convey their property to others. While generally unrestricted, certain limitations may apply for reasons of public policy, regulating who can transfer property, what can be transferred, and the manner in which transfers occur.

The Right to Exclude: An essential facet of property ownership, the right to exclude empowers owners to prevent others from accessing or encroaching upon their property. Enforced through legal mechanisms like trespass laws, this right grants owners autonomy over the use and occupancy of their land, with limited exceptions for specific circumstances.

The Right to Use: Historically, property owners enjoyed unfettered discretion in utilizing their land, provided it did not infringe upon the rights of others. This principle, embodied in the Latin maxim "sic utere tuo ut alienum non laedas," underscores the right to use property without causing harm to neighboring properties. However, this right is subject to limitations to prevent actions such as the construction of structures that impede the enjoyment of adjacent properties.

Right to Destroy: While owners possess the right to dispose of their property, including its destruction, certain restrictions may apply to safeguard public interests or preserve valuable assets. Instances where property destruction may be prohibited include demolishing historically significant structures or destroying property of substantial value.

Other Ownership Types: Beyond the traditional bundle of rights, alternative ownership arrangements like allodial title grant property owners absolute independence from superior landlords, exempting them from feudal obligations or burdens typically associated with land tenure.

Understanding the nuances of property rights as a bundle of rights is essential for navigating real estate transactions and resolving disputes, ensuring clarity and coherence in property ownership dynamics.