An 'Agency Coupled with an Interest' type of relationship in which the agent possesses a beneficial interest in the subject property. This interest allows the agent to control the property and protect the agency relationship against outside interference, in addition to representing the interests of the principal.
Beneficial interest refers to the right to enjoy the benefits of ownership of a property or asset without necessarily holding the legal title. This can arise in various contexts, such as trusts, real estate investment trusts (REITs), and financial securities.
Shares of Beneficial Interest represent a fractional ownership interest in the assets of a trust or other fiduciary arrangement, entitling the shareholder to a proportionate share of the earnings and profits.
