What does the concept of "title" encompass?

The concept of "title" refers to the legal way of saying that you own a right to something, particularly in real estate. It encompasses the bundle of rights associated with ownership, which includes the right to possess, use, modify, lease, and sell the property. When someone holds title to a property, they have the legal claim to that property and the ability to exercise these associated rights.

Understanding title as a bundle of rights is crucial for recognizing how ownership can be limited or enhanced through various legal means, such as deeds, restrictions, or easements. This concept is foundational in real estate transactions, as it directly affects the rights and responsibilities of property owners. The clarity that comes from defining title this way helps in resolving disputes over property ownership and ensuring that buying or selling processes are conducted smoothly.