Possessory Interest Law and Legal Definition

According to 36 CFR 51.3 [Title 36 -- Parks, Forests, And Public Property; Chapter I -- National Park Service, Department of The Interior; Part 51 -- Concession Contracts; Subpart B -- General Definitions], possessory interest means “an interest in real property improvements as defined by the 1965 Act obtained by a concessioner under a possessory interest concession contract. Possessory interest, for the purposes of this part, does not include any interest in property in which no possessory interest, as defined by the 1965 Act, exists.”