DataIntelligence Advertise with usNew
Sell or Rent Property
Login

DEJURE POSSESSION

Credit gives the word to pay either by repaying it or returning those resources later. In other words, this credit is the method of making the reciprocity formal, legally enforceable, and of course, extensible to a vast group of people who are not related.

However, the resources provided may be financial or have goods or services, like consumer credit. The credit covers any form of deferred payment. Credit generally gets extended by the creditor, the debtor or lender, and sometimes the borrower.



Definition

De jure possession is also called possession in law or possessio civilis. This indicates legal and physical possession of any property or real estate unit. This type of possession happens whenever any individual makes a claim for a property through the legal system or manner which is prescribed or prevalent in a specific zone, while occupying the same minus any disputes for the enjoyment/possession of the property in question.

Use of Dejure Possession in Real Estate

De Jure possession does not equate to property ownership in any way. This could also be applicable for a tenancy where there is the legal residence of the tenant (or physical occupation) in any property after inking a lease agreement with the property owner. Those having de facto possession over any property may also get de jure possession over the same. Yet, there are some exceptions in such scenarios. There are also situations where people have legal rights over properties without physical possession or contact.

Contact our Real Estate Experts
Contact our Real Estate Experts

We have sent you message with 4 digit
verification code (OTP) on

Did not receive the code?
Country/City