0
Property is any external thing. It can be tangible, having physical form, or intangible such as a right of way, a right of first refusal, a stock option.
Possession is fact of having property within one's power, ownership, the exclusive right to use and enjoy property.
Wiki User
∙ 13y ago
Property refers to ownership, legal rights, and interests in something (e.g., land, goods, intellectual property), while possession refers to physical control or occupancy of something. Possession does not necessarily imply ownership, as someone can possess something without legally owning it.
Add your answer:
Earn +20 pts
What is the difference between estafa and qualified theft?
Estafa typically involves deceiving someone into giving you money or property, while qualified theft involves taking someone else's property without their permission with the intent to gain from it, typically through means of force, violence, intimidation, or through breach of trust. In estafa, the victim willingly hands over their property due to deception, whereas in qualified theft, the property is taken without the victim's consent.
If the property owner is deceased with no living relatives can 2 or more people claim adverse possession?
It is possible for 2 or more people to jointly claim adverse possession of the property, but they must meet the legal requirements individually as co-owners. They must openly occupy and use the property continuously for the required period, usually between 5 to 20 years depending on the state's laws. It is advisable to consult with a legal professional to understand the specific laws and implications.
What is difference between immovable and movable property?
Immovable property refers to land and things permanently attached to the land, such as buildings. Movable property, on the other hand, includes items that can be easily moved or transferred from one place to another, like furniture or vehicles.
If you had no lease but paid rent and property taxes can you claim adverse possession?
Adverse possession typically requires exclusive, continuous, open, and notorious possession of the property for a certain period of time, usually several years, without permission from the owner. Simply paying rent and property taxes may not be sufficient to establish adverse possession if you do not meet all other required criteria. It's best to consult with a legal professional for guidance on your specific situation.
What does PSMJ stand for in a criminal charge?
I believe it means Possession of Marijuana.
What is the difference between Possession of Stolen Property and Receiving Stolen Property?
Possession means that you have the property, chances are you knew it was stolen. Receiving Stolen Property means that you got it and you knew it was stolen. Typically this would be the person that bought it from a thief.
What is the difference between antenuptial and prenuptial agreement?
Antenuptial agreement and prenuptial agreement are often used interchangeably to refer to a legal contract made between individuals before marriage, outlining how assets and debts will be divided in case of divorce. The key difference is that an antenuptial agreement is broader and can cover a wider scope of pre-marital issues beyond just financial matters, while a prenuptial agreement typically focuses specifically on financial aspects.
What is the difference between renting a property and having a mortgage?
The difference between renting a property and having a mortgage is that when you have a mortgage you are buying the property.
What happens if a farmer could not make his mortg age payments?
The lender will take possession of the property by foreclosure.The lender will take possession of the property by foreclosure.The lender will take possession of the property by foreclosure.The lender will take possession of the property by foreclosure.
Does you spouse name have to be on a mortgage?
All the owners of the property must sign the mortgage so that the lender can take possession of the property in the case of a default. Property rights between married couples vary by state and vary between community property and separate property states. You need to check with an attorney in your jurisdiction.All the owners of the property must sign the mortgage so that the lender can take possession of the property in the case of a default. Property rights between married couples vary by state and vary between community property and separate property states. You need to check with an attorney in your jurisdiction.All the owners of the property must sign the mortgage so that the lender can take possession of the property in the case of a default. Property rights between married couples vary by state and vary between community property and separate property states. You need to check with an attorney in your jurisdiction.All the owners of the property must sign the mortgage so that the lender can take possession of the property in the case of a default. Property rights between married couples vary by state and vary between community property and separate property states. You need to check with an attorney in your jurisdiction.
What is difference between immovable and movable property?
Immovable property refers to land and things permanently attached to the land, such as buildings. Movable property, on the other hand, includes items that can be easily moved or transferred from one place to another, like furniture or vehicles.
What is the difference between a survivorship deed and a transfer on death deed?
All the grantees on a survivorship deed own the property and each has the right to the use and possession during their life.The beneficiary in a transfer on death arrangement only acquires rights in the property upon the death of the owner.
Can a remainderman lease property of a lifetime estate to a leasing company without the life tenant's consent?
No. The life tenant has the right to the use and possession of the property for life.No. The life tenant has the right to the use and possession of the property for life.No. The life tenant has the right to the use and possession of the property for life.No. The life tenant has the right to the use and possession of the property for life.
What is the difference between tenancy by the entireties and absolute ownership?
Tenancy by the entirety is the way legally married people can hold title to their property. It means that when one dies the other automatically becomes the sole owner of the property. Absolute ownership means that you own the fee interest in the property. You have the right to the use and possession of the property and can leave it to your heirs when you die.
Which property is the difference between fogs and clouds?
Location
How should husband take possession of property he inherited?
He should take all the possession of the property he inherited. Of course if the wife did not inherit any of the property.
What happens if you can't pay your second mortgage?
The lender can foreclose and take possession of your property subject to the first mortgage.The lender can foreclose and take possession of your property subject to the first mortgage.The lender can foreclose and take possession of your property subject to the first mortgage.The lender can foreclose and take possession of your property subject to the first mortgage.
