What does 'Possessory interest' refer to?

'Possessory interest' refers to the right of possession and use of property. This concept encompasses the legal authority to control and utilize a property, even if the individual does not hold title to it. Possessory interests are often fundamental in real estate and property law, as they define the rights that individuals or entities can exercise over a particular space.

In the context of real property, this can include tenants who have a leasehold interest or individuals who may have other forms of possession that grant them the ability to enjoy the benefits associated with the property. This contrasts with other interests in property, such as ownership or financial claims, which may not necessarily involve the immediate right to occupy or use the property itself. Thus, option A accurately captures the essence of possessory interest in property law.