is that occupation is an activity or task with which one occupies oneself; usually specifically the productive activity, service, trade, or craft for which one is regularly paid; a job while possession is control or occupancy of something for which one does not necessarily have private property rights.
What does possession and occupation mean?
Possession – the possessor now becomes liable for maintenance and repair of the property, runs risk of accidental damage or loss to the property and is also entitled to the benefits of the property such as rental income. Occupation – physically moving into the property and occupying it.
What is possession of a property?
possession, in law, the acquisition of either a considerable degree of physical control over a physical thing, such as land or chattel, or the legal right to control intangible property, such as a credit—with the definite intention of ownership.
What legally defines possession?
Possession means the ownership, control, or occupancy of any object, asset, or property, by a person. The two most common types of possession are: Actual possession, also called possession in fact, is used to describe immediate physical contact.
What is the difference between possession and property?
As nouns the difference between possession and property is that possession is something that someone possesses, but to which he does not necessarily have private property rights while property is something that is owned.
Is possession the same as ownership?
Possession requires that a person perform acts that are understood to constitute actual control over a thing. Ownership does not require actual control; one can own a thing without ever having been in actual control at all.
What is vacant occupation?
Vacant occupation means that from that date the Purchaser can move into the property or put a tenant in, whereas occupation subject to tenancies means that the current tenant will carry on Page 3 renting from the new owner.
What are the two types of possession?
There are two different types of drug possession: actual possession and constructive possession. Actual possession means having the substance in their physical possession or control. An example of actual drug possession would be having the substance in ones pocket or directly in hand.
What is a possession example?
Used alone (US) or followed by got (UK), have expresses possession: Ive got a car. I own a car. He hasnt got any money.
What are the 4 types of possession?
For example, possession may be actual, adverse, conscious, constructive, exclusive, illegal, joint, legal, physical, sole, superficial, or any one of several other types.
What are the types of possession?
There are two kinds of possession—actual possession and constructive possession. A person who knowingly has direct physical control of a thing at a given time is then in actual possession of it.
What is land possession?
the holding of land on a definite basis (the right of property, the right of use), with corresponding rights and obligations on the part of its possessor. The forms of land possession are determined by the prevailing mode of production.
What is the example of ownership or possession?
For example, an owner of a car could lend it to someone else to drive. That driver would then possess the car. However, the owner does not give up ownership simply by lending the car to someone else.
When selling a house what does vacant possession mean?
Simply put, sold with vacant possession means a given property must be empty on the day that you complete your purchase or sale of it. This means that there must be no remaining residents or tenants at the home, and no belongings other than those that have agreed to be left in the contract.
Is vacant possession being obtained?
Vacant possession is a term to describe the usual basis on which a seller must deliver a property to a buyer on completion or a tenant must deliver to a landlord at lease expiry. When a property is being sold, as the general conditions of sale state that a purchaser is entitled to vacant possession on completion.
How many types of possession are there?
Possession can be broadly divided into two categories- possession in fact and possession in law. Possession, in fact, refers to the physical possession of a thing. It refers to the de facto possession of a thing. The physical possession over a thing need not be continuous.
What does simple possession mean?
Simple possession can be defined as: knowingly possessing a substance; casually exchanging a substance or giving out ½ an ounce at most of marijuana; or. possessing a substance without a valid medical prescription.
What is a good sentence for possession?
Examples of possession in a Sentence She came into possession of a rare silver coin. The family lost all of its possessions in the fire. This ring was my mothers most precious possession. The defendant was charged with heroin possession.
Why possession is protected by law?
Why Possession Is Protected: Possession is protected in order to obviate unlawful acts of violence against the person in possession. Interference with possession leasds to disturbance of peace. Order is best secured by protecting a possessor and leaving the true owner to seek his remedy in a court of law.
What is an example of adverse possession?
Adverse possession is a legal doctrine that allows a person to claim a property right in land owned by another. Common examples of adverse possession include continuous use of a private road or driveway, or agricultural development of an unused parcel of land.
Is possession equal to ownership?
Although the two terms are often confused, possession is not the same as ownership. No legal rule states that possession is nine-tenths of the law, but this phrase is often used to suggest that someone who possesses an object is most likely its owner. However, the owner of an object may not always possess the object.