A Possessory Interest is the situation where an individual or company’s interest in the possession or exclusive right to use a property is not accompanied by an ownership interest in the property. A possessory Interest is different from an ownership interest in the property such that the latter does not include the right to occupancy. A Possessory Interest in a property qualifies as an intangible asset because it is recognisable and the associated economic value can be accurately measured. Intangible assets are a class of assets without physical form (such as a building) which can present significant value to the owners. Business valuators estimate the fair market value of intangible assets, such as a Possessory Interest, by applying techniques under the cost, market, and income methods.