|
Mortgage
Basics
PROPERTY
RIGHTS:
The law
defines property as ?that which is subject of ownership?. The law is
also concerned with the rights and the interests that the owner has
in the property he or she owns. As an individual you have the rights
that accompany ownership, known as ?bundle of right?.
The
right to own property
-
The
right to possess property
-
The
right to use property
-
The
right to enjoy property
-
The
right to encumber property or borrow money on
property
-
The
right to dispose of property
- The right to exclude those who do not share ownership of the
property | 
