Profit (real Property)
A profit (short for profit-à-prendre in Middle French for "right of taking"), in the law of real property, is a nonpossessory interest in land similar to the better-known easement, which gives the holder the right to take natural resources such as petroleum, minerals, timber, and wild game from the land of another. Indeed, because of the necessity of allowing access to the land so that resources may be gathered, every profit contains an implied easement for the owner of the profit to enter the other party's land for the purpose of collecting the resources permitted by the profit.
Read more about Profit (real Property): Creation, Types, Termination, Ireland
Famous quotes containing the word profit:
“We gave ‘em wings to fly and they rained death on us. We gave ‘em a voice to be heard around the world and they preach hatred to poison the minds of nations. Even the medicine we gave them to ease their pain is turned into a vice to enslave half mankind for the profit of a few. Ah, Janet, dear, don’t you see? Every gift that science has given them has been twisted into a thing of hate and greed.”
—Karl Brown (1897–1990)