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possessory interest

n. in real estate, the intent and right of a person to occupy and/or exercise control over a particular plot of land. A possessory interest is distinguished from an interest in the title to property, which may not include the right to immediately occupy the property. Example: a long-term lease.

See also: possess  possession  real property 

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The People's Law Dictionary by Gerald and Kathleen Hill Publisher Fine Communications

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