Real Property, Acquired Title, Further ReadingsPersonal Property
A method of gaining legal title to real property by the actual, open, hostile, and continuous possession of it to the exclusion of its true owner for the period prescribed by state law. PERSONAL PROPERTY may also be acquired by adverse possession.
Adverse possession is similar to prescription, another way to acquire title to real property by occupying it for a period of time. Prescription is not the same, however, because title acquired under it is presumed to have resulted from a lost grant, as opposed to the expiration of the statutory time limit in adverse possession.
Ownership of personal property may be acquired by adverse possession if the same requisites are met. The claimant must possess the property actually, openly, notoriously, exclusively, hostilely, under claim of right, and uninterrupted for the statutory period.
- Adverse Interest
- Adverse Possession - Real Property
- Adverse Possession - Acquired Title
- Adverse Possession - Further Readings
- Other Free Encyclopedias