Search results
Results From The WOW.Com Content Network
By definition, adverse possession is a concept that asserts that if someone has possessed the land of another for an extended period of time, they may claim legal title to that land.
Adverse possession, sometimes colloquially described as "squatter's rights", [a] [dubious – discuss] is a legal principle in common law under which a person who does not have legal title to a piece of property—usually land (real property)—may acquire legal ownership based on continuous possession or occupation of the property without the permission of its legal owner.
Property law. The bundle of rights is a metaphor to explain the complexities of property ownership. [ 1] Law school professors of introductory property law courses frequently use this conceptualization to describe "full" property ownership as a partition of various entitlements of different stakeholders. [ 2]
The vast majority of states in the United States employ a system of recording legal instruments (otherwise known as deeds registration) that affect the title of real estate as the exclusive means for publicly documenting land titles and interests. The record title system differs significantly from land registration systems, such as the Torrens ...
Income-producing real estate - financing real estate that is usually rented or leased out by the debtor to generate cash flow to repay the exposure; High-volatility commercial real estate - financing commercial real estate, which demonstrate a much higher volatility of loss rates as compared to other forms of specialized lending
Peaceable possession. In real estate and real property law, peaceable possession is "holding property without any adverse claim to possession or title by another". [1] Quiet title is used to refer to the new owner 's peaceable possession. Property title, or ownership, also includes possession, but is a greater property right than the latter.
The Appraisal Institute defines highest and best use as follows: The reasonably probable and legal use of vacant land or an improved property that is physically possible, appropriately supported, financially feasible, and that results in the highest value. The four criteria the highest and best use must meet are legal permissibility, physical ...
As of 2014, the Restatement's failure to address basic doctrines like adverse possession and real estate transfers had never been corrected over 75 years, three Restatements series, and 17 volumes. [2] In the 1970s, the Uniform Law Commission's project to standardize state real property law was a spectacular failure. [3] [4] [5]