| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 3,891,007,272 visitors served. |
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
adverse possession |
Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia | 0.02 sec. |
|
|
Adverse Possession In law, the process by which one lays claim and takes title to a piece of real estate without paying for it, by holding it for a specified period of time. For example, a person living on a property without its owner's knowledge or consent for a certain number of years may become the owner of that property through adverse possession. This concept effectively puts a limit on the number of years after an action in which one can undertake litigation claiming a property. There are a number of requirements before one can claim adverse possession on real estate. For example, one must openly possess the real estate and make no attempt to hide it. One shows this by living there in good faith, paying property taxes and/or making improvements on the land. See also: Abandonment, Clear Title. adverse possession Sometimes called squatter's rights;method of acquiring title to real estate when the true owner has neglected to assert his or her own rights for a specified period of time. Commonly arises in the context of boundary line disputes.The next most common occurrence is By law,one cannot adversely possess against the government. Example: Seth and Rose are next-door neighbors and the best of friends. Seth erects a fence Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
|
| Financial Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup |
|---|