Which of the following is NOT included in the bundle of rights?

The bundle of rights typically refers to the set of legal rights that come with property ownership, including the right to sell, lease, mortgage, and use the property. Each of these rights reflects the various ways an owner can use or transfer their property.

The right to sell is fundamental, as it allows the property owner to transfer ownership to another party. The right to lease enables the owner to generate income by allowing another party to occupy the space under specified terms. The right to mortgage empowers the owner to leverage the property for financing, using it as collateral for a loan.

On the other hand, the right to subdivide is not universally included in the basic bundle of rights that come with ownership. Subdivision typically involves land development regulations, zoning laws, and local ordinances, which may restrict or govern an owner's ability to divide land into smaller parcels. Therefore, while an owner may have the option to subdivide their property, this right is contingent on compliance with external regulations rather than an automatic entitlement that applies to all property ownership situations. This differentiation makes the right to subdivide the correct choice as the one not inherently included in the traditional bundle of rights.