Licenses and Profits

Question 1

Profit

Answer 1

A profit is a nonpossessory interest in land, allowing the grantee to enter on the land and remove resources of the land. Moreover, the profit can be conveyed from the original grantee to a third party. When an owner grants the sole right to take a resource from her land, the grantee takes an exclusive profit and is solely entitled to the resources, even to the exclusion of the owner of the servient estate. By contrast, when a profit is nonexclusive, the owner of the servient estate may grant similar rights to others or take the resources herself.