What is an interest in land?
An interest in land is a legal right or entitlement that a person or entity has to occupy, use, or benefit from land. In Massachusetts, property law outlines the rights and responsibilities of people and organizations that own, occupy, or use land. Interests in land can be created or transferred in a variety of ways, such as through a will, deed, or contract. Interests in land can be divided into two categories: possessory interests and non-possessory interests. Possessory interests are those in which a person or entity has exclusive occupancy or possession of the land. Examples of possessory interests include leaseholds, mortgages, and ownership. Non-possessory interests are those in which a person or entity has rights to use or benefit from the land, but does not have a physical presence on the land. Examples of non-possessory interests include easements, rights of way, and profits. In Massachusetts, property law provides legal remedies for those who have been harmed by the violation of their interest in land. For instance, a possessory interest holder may bring a legal action if someone occupies the land without their permission. Similarly, a non-possessory interest holder may bring a legal action if someone interferes with their right to use or benefit from the land. Overall, an interest in land is a legally-defined right that gives someone the legal authority to occupy, use, or benefit from land. In Massachusetts, individuals and organizations that own or use land should be familiar with their rights and responsibilities under property law.
Related FAQs
What is a title insurance policy?What is the difference between a deed and a mortgage?
What is a deed of release?
Who owns a property when it is jointly owned?
What is an exclusive right-to-sell agreement?
What is a deed of exchange?
What is a servitude?
What is a prescriptive easement?
What is a lien?
What is a negative servitude?
Related Blog Posts
What You Need to Know About Property Law - July 31, 2023Property Law: What to Look Out For When Purchasing Real Estate - August 7, 2023
Understanding the Basics: A Guide to Property Law - August 14, 2023
Common Types of Property Law Cases - August 21, 2023
The Impact of Property Law on Real Estate Transactions - August 28, 2023