September 6, 2014
If you take a class on property law in the US at some point you will probably see a reference to "bundles of rights." The student is meant to imagine someone holding a bundle of sticks and each stick represents a right with respect to a piece of land or personal property.
One way to think about this is ...what exactly do we mean when someone "owns" something? Let's say you buy a car. We say you "own the car" but we mean that you have a number of rights with respect to the car. You can drive the car, sell the car, and tell me to stay out of your car.
But other people might have rights with respect to property, too. If a mechanic works on your car and you don't pay him, he might have rights to hold the car. Let's say you buy a house but allow me to stay in your house as a tenant. I might have the right to exclude you or other people from entering the house.
Below is a video introducing some of these ideas: