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Can someone legally sue you for ownership of your house?
Yes, someone can legally sue you for ownership of your house through a process called a property dispute or a claim of adverse possession. This typically involves proving in court that they have a valid legal claim to the property.
What is the difference between property and possession?
Property is any external thing. It can be tangible, having physical form, or intangible such as a right of way, a right of first refusal, a stock option.Possession is fact of having property within one's power, ownership, the exclusive right to use and enjoy property.
What is the difference between tenancy by the entireties and absolute ownership?
Tenancy by the entirety is the way legally married people can hold title to their property. It means that when one dies the other automatically becomes the sole owner of the property. Absolute ownership means that you own the fee interest in the property. You have the right to the use and possession of the property and can leave it to your heirs when you die.
Can a deceased individual legally own property?
No, a deceased individual cannot legally own property because they are no longer alive to hold ownership rights. Ownership of property is transferred to the deceased individual's estate or heirs after their death.
Can my husband legally take possession of my car if it is registered in his name?
Yes, if the car is registered in your husband's name, he has legal ownership and can take possession of it.
What is the Statutes of limitations on abandonment of personal property?
Generally, when real property is "abandoned" there are other entities that can acquire title legally. If there is a mortgage in default, the bank can foreclose and take possession of the property. If there is no mortgage and the owner has abandoned the property the town can take possession of the property for non-payment of property taxes. Title to real estate must be transferred legally. If you are thinking of acquiring property by adverse possession, in Mississippi, the duration of such possession is ten (10) years. Mississippi Code §15-1-7, 13.
If a person admits they stole items from you and have them in their possession are they legally required to return those items immediately?
Doing what you are describing is called "possession of stolen property," and it is a serious crime. They are legally required to give back your property in the same sense that someone who is beating you up is legally required to stop hitting you.
What is business ownership?
Ownership is the status of having the right to at least some incidents and benefits of a legally-cognized and legally-recognized property interest, which need not be possessory rights.
Can a parent legally take possession of an item purchased by their child?
In most cases, a parent can legally take possession of an item purchased by their child since minors typically do not have the legal capacity to own property.
What does it mean to take possession of property?
The taking of possession of property means basically having total control over it. If the property is a rental property and the landlord hands you the keys, then you are in legal possession of the property, something that the landlord cannot take back unless he legally evicts you.
WHAT IS THE LAW FOR ADVERSE POSSESSION IN MISSOURI?
In Missouri, the law of adverse possession allows a person to claim ownership of land they do not legally own, provided certain conditions are met. The possessor must occupy the property openly, continuously, exclusively, and hostilely for a statutory period of 10 years. Additionally, the possession must be under a claim of right, meaning the possessor believes they have the right to the property. If these criteria are satisfied, the adverse possessor may obtain legal title to the property through a court action.
What does possession DOD mean when purchasing a house?
Possession DOD, or "Date of Possession," refers to the specific date when the buyer is allowed to take physical possession of the property after the sale is finalized. This date is typically outlined in the purchase agreement and may differ from the closing date, which is when the ownership legally transfers. It's important for both parties to agree on this date to ensure a smooth transition and avoid any potential conflicts regarding occupancy.
