Property Ownership
What is a 'possessory interest' versus a 'non-possessory interest' in Rhode Island real estate?
AThey are the same type of property interest
BA possessory interest gives the holder the right to physical possession (like ownership or a lease); a non-possessory interest gives rights in another's property without possession (like an easement or lien)✓ Correct
CA possessory interest belongs only to government entities
DA non-possessory interest requires a court order
Explanation
Possessory interests (fee ownership, leasehold) give the holder the right to possess and use the property. Non-possessory interests (easements, liens, covenants) give rights over or in property without granting possession.
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