Profit (real Property)

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:

    Madness is tonic and invigorating. It makes the sane more sane. The only ones who are unable to profit by it are the insane.
    Henry Miller (1891–1980)