Property Ownership

A 'profit à prendre' in Delaware real estate law is:

AA right to take something from another's land (e.g., timber, minerals)✓ Correct

BA profit-sharing arrangement between developer and landowner

CA form of co-ownership between partners

DA lease with a percentage rent provision

Explanation

A profit à prendre (profit) is an interest in another's land that allows the holder to enter and remove specified resources (timber, minerals, crops, game). It is more than an easement because it involves removing something from the land.

People Also Study

Key Terms to Know

Easement

A non-possessory right to use another person's land for a specific purpose.

Fee Simple

The highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.

Joint Tenancy

Co-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.

Tenancy in Common

Co-ownership where two or more people hold undivided interests that need not be equal and pass to each owner's heirs — no right of survivorship.