- Legal interest: this is a right over the land of another. E.g. easement, legal mortgage.
- It is an interest which is capable of subsisting or being conveyed or created at law.
- It is enforceable against every one.
- Equitable interest: this is a right recognized equity only and enforceable against all others except a bona fide purchaser of a legal interest without notice of the equitable interest, examples include restrictive covenants.
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