Nonpossessory interest in land

Such rights can generally be created in one of two ways: either by an express agreement between the party who owns the land and the party who seeks to own the interest, such as by a deed or indenture; or by an order of a court, as an implied agreement.

Under the common law, there are five variations of such rights. These are:

• easements
• profits
• restrictive covenants
• equitable servitudes, and
• licenses.

The Restatement of the Law of Property both clarifies and expands upon the types of nonpossessory interests. For example, in § 28, a reversion is defined as "a nonpossessory interest in land remaining after the creation of one or more estates or interests in fee tail, for life, for years, for a periodic term, or at will."^[1]

• Fee simple
• Lease
• Seisin