What term describes ownership of land that includes legal rights such as possession and control?

The term that accurately describes ownership of land that encompasses various legal rights, including possession and control, is "bundle of rights." This concept illustrates that when one owns land, they hold not just the physical property but also a set of legal rights associated with that property. These rights typically include the right to use the land, the right to sell it, the right to lease it, and the right to exclude others from it, which together form the complete ownership experience.

Understanding this term is essential because it emphasizes that property ownership is not just about having a title, but rather about the rights and privileges that accompany that ownership. This concept distinguishes real property law and helps to clarify the complexities of property transactions and usage rights in legal contexts.

In contrast, the other options relate to specific aspects or components of property ownership. For example, "title of ownership" specifically denotes the legal document proving ownership, while a "land grant" refers to the government's conveyance of land to a private individual or entity, typically for specific purposes. An "easement," on the other hand, is a legal right to use someone else's land for a specific purpose, which is a separate legal concept that does not confer ownership.