A property's bundle of legal rights INCLUDES the rights to exclude, use, transfer, encumber, and:

A lien refers to a legal right or interest that a lender has in another's property, granted until a debt owed by the property owner is satisfied. While a lien may involve encumbering a property, it does not represent a right held by the owner within their bundle of legal rights. Instead, it is an external claim that can impact the owner's rights but does not constitute a right itself.

Taxation refers to the government's right to impose a financial obligation on property owners based on the value of their property. While property owners must comply with tax laws, the obligation to pay taxes does not fall under the bundle of legal rights that owners possess; rather, it is an external duty imposed by government entities rather than a right enjoyed by the property owner.

The term "reserve" typically refers to the act of keeping something back or setting it aside, which can apply to rights or resources. However, it does not specifically align with the established bundle of legal rights. While an owner may reserve certain rights, this term is less precise and not one of the fundamental rights included in the standard bundle associated with property ownership.