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

A lien is a legal claim or right against assets that are typically used as collateral to fulfill a debt. While the right to encumber a property includes the ability to place liens on it, a lien itself is not a right of property ownership but rather a legal instrument that affects the property. Therefore, it does not belong in the bundle of legal rights.

While property ownership may subject an owner to taxation, the right to tax is not a property right; rather, it is an obligation imposed by the government on property owners. The right to tax does not grant any control or ownership privileges over the property itself, thus it is not included in the bundle of rights.

The concept of reserving rights typically refers to retaining certain rights or privileges within property transactions. However, reserving rights does not constitute a fundamental right of ownership like the right to possess. Therefore, it is not included in the basic bundle of legal rights that define property ownership.