Possessory Interest
/pəˈzɛsəri ˈɪntrɪst/
Definitions
- (n.) A legal right to possess and use property, often temporary, that may or may not include ownership.
The tenant holds a possessory interest in the leased apartment during the lease term.
- (n.) An interest entitling the holder to exclusive physical control of property, distinguishable from nonpossessory interests like easements.
A possessory interest allows exclusive possession, unlike a mere license.
Forms
- possessory interests
Related terms
Commentary
Possessory interests are foundational in property law, distinguishing rights involving physical control from those involving only use or access.
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.