👉 Unplacement is a legal term in the field of property law, where the owner of an asset or interest in real estate does not have complete control over that asset. In other words, the owner has no legal right to use, sell, transfer, or otherwise dispose of that asset. The term "unplaced" can refer to either the absence of a legal title or ownership, as it refers to the lack of possession by the owner of an interest in real estate. It is often used in