When rights transfer with a deed, this is referred to as what?

The transfer of rights with a deed is referred to as the "bundle of rights." This concept encompasses the various legal rights that an owner has in relation to a property, which can include the right to sell, lease, or develop the property, among others. When a deed is conveyed, the rights associated with the property are transferred to the new owner, thus passing this bundle of rights.

The bundle of rights is a fundamental principle in real estate, as it highlights the complexity of property ownership beyond mere possession. Each transaction typically involves a transfer of some or all of these rights, which is why understanding this concept is crucial for those in the real estate industry and for prospective licensees.

Chattel real refers to an interest in personal property, not real property, which doesn't directly relate to the transfer of ownership rights through a deed. Reversionary rights pertain to ownership that reverts back to the original owner after a certain event occurs, such as after a lease expires, and are not involved in the immediate transfer of rights when a property is sold. A leasehold represents a tenant's interest in a property for a specific duration, which is also not about the transfer of ownership rights through a deed. Therefore, the correct answer effectively captures the broader