What are the rights attached to land that allow its owner to use and control it called?

The term "bundle of rights" refers to the various rights that an owner possesses concerning their real property. This concept encapsulates several individual rights associated with property ownership, including the right to possess, use, sell, lease, and give away the property. Each right can be separated or conveyed to different entities, but collectively, they define the owner's relationship to the land.

Understanding this bundle is crucial for navigating real estate transactions, as it emphasizes that ownership is not merely a singular right but rather a collection of interests the owner can exercise. For example, if an owner sells the land, they may retain certain rights, like mineral rights, while transferring other rights to the buyer. This nuance is essential for comprehending property law and real estate transactions.

The other options don't correctly capture the comprehensive nature of property ownership rights. While possessory rights pertain specifically to the right to occupy and use the land, they do not encompass the entire range of rights included in the "bundle." Similarly, "real estate rights" and "land ownership rights" are more vague terms that don't fully convey the intricate package of rights that property owners hold. Therefore, "bundle of rights" is the most accurate and complete descriptor of the rights attached to land ownership.