Possessory interest
Term · Law · MLC-T-LAW-003807
A right to occupy or control a piece of property, even if legal title is held by another party. This interest grants the holder the ability to use and enjoy the property, and to exclude others from it. Examples include a tenant's leasehold interest or a squatter's claim to land.
| Identifier | MLC-T-LAW-003807 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-003807",
"term": "Possessory interest",
"field": "Law",
"definition": "A right to occupy or control a piece of property, even if legal title is held by another party. This interest grants the holder the ability to use and enjoy the property, and to exclude others from it. Examples include a tenant's leasehold interest or a squatter's claim to land.",
"url": "https://mlchart.com/terminology/law/possessory-interest/"
}
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