Which term refers to the ability of a property owner to use water from a river or lake?

The term that refers to the ability of a property owner to use water from a river or lake is known as riparian rights. These rights are associated specifically with land that borders a river, stream, or other body of water, allowing the owner to enjoy the benefits of that water. This includes the right to access and utilize the water for various purposes, such as irrigation, recreation, or domestic use, provided that the rights do not infringe on others' rights to use the water as well.

Riparian rights are an important concept in property law, especially in areas where water resources are critical for agriculture and personal use. They establish a legal framework for how water can be shared and utilized among different landowners. Understanding these rights is essential for property owners who live near freshwater sources.

The other options, while they relate to property rights, do not pertain to the use of water from natural bodies. Restrictive covenants involve restrictions placed on property use and development, easement rights grant certain usage privileges over another's property, and the right of redemption involves regaining property after a foreclosure, none of which are related to water rights.