Property Interest
/ˈprɑːpərti ˈɪntrəst/
Definitions
- (n.) A legally recognized right or claim to possess, use, or control property, enforceable by law.
She asserted a property interest in the inherited land.
- (n.) A specific share or stake in property that may be transferred or encumbered.
He transferred his property interest in the joint tenancy to his brother.
Forms
- property interests
Related terms
See also
Commentary
The term broadly covers rights ranging from full ownership to lesser rights such as leases or liens; precision in drafting helps clarify the nature and scope of the interest involved.
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.