Real Estate Law 58

admin 2019.05.11 21:56 Views : 246

Check Your Understanding Answers

  1. What is adverse possession?

    The process by which an owner can lose title to his or her property because an adverse possessor entered, occupied, and used the property without the knowledge or consent of the owner, or with the knowledge of the owner who failed to take any action over a statutory period of time.
     
  2. How can an owner prevent involuntary alienation by adverse possession?

    By periodically inspecting the property within statutory deadlines and evicting any trespassers found
     
  3. Define Estoppel.

    Estoppel prevents a person from claiming a right or interest that is inconsistent with the person's previous statements or acts.
     
  4. Why might property owners not want their property annexed?

    They fear losing control of their small community, having to pay additional taxes to the city, and being subject to restrictive local ordinances and regulations.
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