Saturday, July 25, 2015

Definition of 'Adverse Possession' in real-estate

Definition of 'Adverse Possession' in real-estate

Adverse Possession is a term in real-estate to describe the process of acquiring ownership rights of a real property by using the property for a long period time.

For example, a property owner has been utilizing a empty land next to his property for planting a garden for more than 20 years, he may have the right to apply 'Adverse Possession' against that empty land to make it legally his real-property (depending on local laws).

Adverse Possession also known as Squatter's Rights.

The legal description of Adverse Possession is, the process of acquiring a real-property from the rightful owner though the State of Limitation.

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