A ________ is a situation in which a person holds an interest in another person's property without actually owning any part of the property.
A) present possessory interest
B) future interest
C) reversion
D) nonpossessory interest

Question

Quizplus · Accepted Answer

A nonpossessory interest is a type of property interest in which a person holds an interest in another person's property without owning any part of the property. Examples of nonpossessory interests include easements, covenants, and licenses. These interests give the holder specific rights to use the property, such as the right to cross over the property or the right to use a portion of the property for a specific purpose. The holder of a nonpossessory interest does not have the right to possess or control the property, but they do have a legally recognized interest in the property.

A ________ Is a Situation in Which a Person Holds