A(n)________ 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 that allows someone to use or profit from another person's property without actually owning it. Examples include easements, licenses, and liens. These types of interests do not give the holder the right to possess the property, but rather to use it in a specific way or for a specific purpose.

A(n)________ Is a Situation in Which a Person Holds an Interest