Definition
A profit is a legal right to remove or harvest resources from another's property—timber, minerals, crops, or wildlife. Profits significantly affect property value by giving outsiders extraction rights.
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A profit (also called profit à prendre) grants rights to harvest resources from someone else's property. These might include timber harvest rights, hunting rights, or agricultural harvest rights. Profits can be appurtenant (tied to neighboring property ownership) or in gross (personal to the beneficiary). Profits significantly affect property value by giving outsiders extraction rights. Property owners should understand all profits affecting their land.
Pro Tip
If timber, minerals, or other valuable resources exist, verify whether profits or harvesting rights are retained by sellers.
Example
A timber company holds a profit giving them harvesting rights to timber on a 50-acre parcel.