Huh. In 1884, 16 years after the 14th Amendment was ratified, John Elk, who â as you may have surmised by his name â was an Indian, had to go to the Supreme Court to argue that he was an American citizen because he was born in the United States.
Interest An interest describes any right, claim or privilege that an individual has towards real property. The law recognizes various types of interests in real property. A nonpossessory interest in land is the right of one person to use or to restrict the use of land that belongs to another person.
For example, if you and several friends purchase a piece of real estate, each of you will hold an ownership interest in it. Holding an ownership interest in a piece of real estate gives you rights to its use and disposition, as well as certain responsibilities for it. Interests in Real Estate Real estate is commonly known as real property, or land and any buildings permanently attached to it. There are several different types of interests that can be held in real estate, including ownership interests and security interests. When you hold an ownership interest in real estate, you hold the highest form of interest possible. Ownership interests in real estate come in several different forms as well, with fee simple absolute being the most common, carrying the most ownership rights.