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Can non-possessory interests in real estate add value to a parcel of land? Explain

Can non-possessory interests in real estate add value to a parcel of land? Explain

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Answer #1

To set the base, let us first understand what is non-possessory interests in real estate.

Non-possessory interests in real estate is nothing but the right to either use or restrict the use of another person's land without holding the title of the property

Non-possessory interests is created by an agreement between two parties - property owner and person wanting the non-possessory interest.

So, if one has the non-possessory interest on a property, then it can add value to a parcel of land

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