Question

o interest in
land. As​

Answer 1

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Explanation:

In essence, an interest in land is a right (or a "bundle" of rights) that someone has in, against, under or over - or with respect to - a parcel of land. If the person holding the interest in land is the current owner of the land itself, then the "interest" means "simply" ownership of that land. There are many interests in land which do not rise to the level of "ownership", but which give meaningful - and often valuable - rights or entitlements to the holder thereof. Common examples are:

if I have a right to possess/occupy your land, my interest is a lease;

if I have a right to pass over and upon your land to have access to some portion of your land or some other land near or adjacent to your land, my interest is an easement;

if I have a charge on your land to secure a debt you owe me, thereby entitling me to sell (or acquire ownership of) your land if you don't repay your debt to me, my interest is a mortgage; and

if I have a right to enter your land and remove resources therefrom, for example, minerals, hydrocarbons, stone and gravel, soil, non-domestic wildlife (and vegetation), my interest is a profit a prendre.