Possessory Interest Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Possessory Interest, written in plain English, along with examples of how it is used.

What is Possessory Interest?

n.The right of aperson to retain,occupy and have rightsl over any property is called possessory interest in real estate.They vary in different states and in different circumstances for ex: mechanic can retain the car for unpaid repair bills.