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

A lien is a legal claim against a property as security for a debt or obligation, rather than a right of ownership. While liens can affect property rights, they do not constitute a part of the legal rights bundle inherent to ownership. Liens represent the interests of creditors, not the owner's rights.

Tax rights pertain to the obligations property owners have to pay taxes on their property, which is a financial responsibility rather than a legal right. While taxes can affect property ownership, they are not included in the bundle of rights that define ownership itself. Property taxes are imposed by governmental entities and do not grant any ownership rights.

The term "reserve" typically refers to the rights retained by a property owner, such as the right to reserve certain uses of the property or to reserve resources like minerals or water. However, this concept does not encapsulate the fundamental rights of ownership that include possession, which is essential to the definition of property rights.