A right or privilege to enter another's land and take away something of value from its soil or from the products of its soil is known as?

Study for the CPCU 530 Exam. Use flashcards and multiple choice questions, complete with hints and explanations. Be fully prepared for your test day!

Multiple Choice

A right or privilege to enter another's land and take away something of value from its soil or from the products of its soil is known as?

Explanation:
Profits a prendr e is a type of property interest that gives someone the right to enter another person’s land and remove something of value from the soil or its products. It’s an incorporeal real property right that can attach to land and pass with it, covering resources like timber, minerals, crops, or other products taken from the land. This is different from a license, which is merely permission to use land and can usually be withdrawn, without creating a lasting property interest. Lateral support and subjacent support, by contrast, concern structural and subsurface support obligations from neighboring land or the earth beneath, not the right to extract resources.

Profits a prendr e is a type of property interest that gives someone the right to enter another person’s land and remove something of value from the soil or its products. It’s an incorporeal real property right that can attach to land and pass with it, covering resources like timber, minerals, crops, or other products taken from the land. This is different from a license, which is merely permission to use land and can usually be withdrawn, without creating a lasting property interest. Lateral support and subjacent support, by contrast, concern structural and subsurface support obligations from neighboring land or the earth beneath, not the right to extract resources.

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