Interest in Property
/ˈɪnt(ə)rɪst ɪn ˈprɒpərti/
Definitions
- (n.) A legal right, claim, or share in property, enforceable by law, which may include ownership, leasehold, easement, or security interests.
She holds a beneficial interest in the property through a trust arrangement.
- (n.) A financial stake in property which may yield income or profit, such as a mortgage interest or lien.
The bank has a security interest in the borrower's property until the loan is repaid.
Related terms
See also
Commentary
Interest in property is a broad term encompassing various proprietary rights and claims; clarity in drafting requires specifying the exact type of interest to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.