What is the meaning of possessory?
Definition of possessory 1 : of, arising from, or having the nature of possession possessory rights. 2 : having possession. 3 : characteristic of a possessor : possessive.
What does possessory title mean?
The term possessory title simply means that the applicant did not have all the necessary documentation to meet the Land Registry’s criteria for absolute title. There is nothing wrong with a property only having a possessory title, as there are plenty of legitimate reasons why documents might be missing.
Which of the following is an example of chattel?
Today, chattel is defined as any item of personal property and that can be moved. Examples of chattel, as defined in common law, include furniture, clothes hanging in the closet, and cattle on a farm.
What are possessory interests?
General. A taxable possessory interest is defined as a possession, a right to the possession, or a claim to a right of the possession of publicly owned real property that is independent, durable, and exclusive of rights held by others, and that provides a private benefit to the possessor.
What does possessory conservator mean?
Texas terminology Possessory conservatorship means visitation; also called access or possession. Primary physical residence is where the child lives most of the time; decided by the sole managing conservator or by the joint managing conservator given the power to decide by the judge.
Which is the best definition of the word possessory?
Definition of possessory 1 : of, arising from, or having the nature of possession possessory rights 2 : having possession 3 : characteristic of a possessor : possessive 1 : of, arising from, involving, or having the nature of possession possessory rights a possessory action 2 : having possession a possessory owner
What do you mean by possessory interest in real estate?
possessory interest. Also found in: Financial. 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.
What does possessory title mean in Herefordshire?
Possessory title, still common in parts of Herefordshire, usually relates to pockets of land or garden, but it can also relate to the title of a whole property – it indicates that when it was applied for, the applicant didn’t have the right documents when registering the title to choose absolute title…
Why does land need to be registered with possessory title?
There are a number of reasons why land may be registered with possessory title. It usually indicates that when registering a claim for ownership of land the applicant did not have the necessary documentation at the time of registration to satisfy the Land Registry’s requirements for absolute title which is the best form of title available.