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| | Bundle Of Rights Approach To Value |
 | | Each stick represents a distinct and separate right, which may be the right to use the real estate, to sell it, to lease it, to enter it, to give it away, or to choose to exercise more than one or none of these rights. |
 | | The rights in the bundle, subject to government limitations and private restrictions, can be sold, leased, transferred, or otherwise disposed of individually. |
 | | Thus, the ownership of certain rights may be severed from the ownership of the rest of a property by their being sold, leased, or given as a gift to other parties. |
| www.privatelandownernetwork.org /plnlo/bundleofrights.asp (995 words) |
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