Which theorem outlines the legal aspects of real estate ownership?

The Bundle of Rights doctrine is essential in understanding real estate ownership because it outlines the various rights associated with property ownership. This concept suggests that owning real estate grants the owner a set of rights, which typically includes the right to use the property, the right to lease it, the right to sell it, the right to enter it, and the right to control how it is used, among others.

This overarching framework helps clarify the legal dimensions of property ownership, indicating that ownership goes beyond mere possession. It encapsulates the multiple interest holders may have in a property, which is a crucial consideration in real estate law. This understanding is foundational for recognizing how property rights are exercised and protected. Without acknowledging the Bundle of Rights, it would be challenging to grasp the full scope of ownership and the legal implications that come with it.

The other options address specific aspects of property ownership or rights but do not encompass the broader legal framework that the Bundle of Rights provides in real estate ownership.