possessory interest


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possessory interest

n. in real estate, the intent and right of a person to occupy and/or exercise control over a particular plot of land. A possessory interest is distinguished from an interest in the title to property, which may not include the right to immediately occupy the property. Example: a long-term lease. (See: real property, possess, possession)

References in periodicals archive ?
In September 2013, the National Park Service reached an agreement with the piers private owner on the possessory interest value of the structures, which included the pier, pier house, and parking lot.
In a circumstance such as this, the nemo dat rule applies to protect the ownership interest of the consignor: "if the debtor had no proprietary interest beyond possession to convey, then the security interest can only attach to that possessory interest.
Other easements such as conservation easements and scenic easements may prohibit the owner of the underlying fee simple estate from certain uses of the property without giving the holder of the easement any possessory interest in the real estate.
Over the years, Curry built a number of facilities within Yosemite, including The Ahwahnee Hotel and Curry Village (a campsite leading to Half Dome) in which Curry claimed it had an exclusive possessory interest.
Defendant further argues that plaintiffs lack standing to challenge the basis of the subpoena because they simply "do not have a proprietary or possessory interest in the bank records sought.
The taxpayer could contend that he holds a mere expectancy; his possessory interest is contingent upon living to age 40 and surviving his mother.
124) Even this change, however, underscores the lack of a violation of any self- possessory interest on the part of the man.
Trotto, finding that because he was not present and had no possessory interest in the vehicle, he lacked standing to challenge the legality of the stop and search.
The trouble with NAM is not its intuitive appeal but instead with specifying what counts as harming the bodies of others or even more challenging specifying what counts as a just possessory interest.
demonstration of possessory interest or occupation or control.
The Supreme Court has summarily defined a seizure of property as "some meaningful interference with an individual's possessory interest in that property.