What is the bundle of rights in real property ownership?

The bundle of rights describes the five legal rights that come with ownership of real property: possession, the right to occupy; control, the right to determine how it is used within legal limits; enjoyment, the right to use the property without interference; exclusion, the right to prevent others from entering; and disposition, the right to sell, lease, gift, or will the property. These rights can be separated and individually transferred. For example, an owner can sell mineral rights while retaining surface rights, or grant an easement that limits the right of exclusion.