Which of the following rights is included in the 'Bundle of Rights' for a landowner?

The 'Bundle of Rights' concept in real estate refers to the various rights that a property owner possesses with their land. One of these key rights is the ability to monetize the property through leases. This means that a landowner can enter into lease agreements, allowing others to use the property for various purposes in exchange for payment. This right is essential as it not only enables the landowner to earn income from the property but also reflects the owner’s control over how the property is utilized.

Being able to lease land is a valuable financial tool for property owners, allowing for flexibility and potential revenue generation without selling the property. This aligns with the overall intention behind the 'Bundle of Rights', which encompasses the ability to use, lease, and profit from the property as the owner sees fit.

Other options do not accurately reflect the commonly accepted rights included in the 'Bundle of Rights'. The right to dictate local zoning laws is typically a function of local government authorities rather than individual landowners. The right to avoid taxes on a property is not a legitimate right, as property taxes are part of the responsibilities of ownership, and claiming government land is not a recognized right of individual property owners. Thus, monetizing rights through leases stands out as a definitive element of property ownership