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Real Estate Issues Memo - Essay Example

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Summary
The essay "Real Estate Issues Memo" focuses on the critical, and thorough analysis of the memo on real estate issues. S/he wishes to state that adverse possession laws are widely used by various states in the US in determining the legal ownership of land…
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Real Estate Issues Memo
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Extract of sample "Real Estate Issues Memo"

For instance, in a state like Alabama, a trespasser must have been occupying the property for at least 15 years before being legally bound to claim ownership.

In this case, the client claims to have using the neighbor's land for the last 15 years. According to the client, for the last 15 years, he has heavily invested in farming on the land that belongs to the neighbor. Additionally, he claims that out of that farming activity he has managed to harvest various crops throughout the 15 years.

To establish whether the client can claim ownership of the piece of land, it is good to assess whether he meets the requirements provided in the law to claim ownership. According to the state of Alabama's adverse possession laws, a trespasser needs to meet the following requirements: the trespasser must have occupied the property for at least 15 years, he/she must occupy the property with or without the knowledge of the owner, he/she must be physically present on the land, he/she must be open in trespassing, and must be exclusive and continuous possession. Having considered the above requirements, the client is legally entitled to own the land that belongs to his neighbor.

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(“Real Estate Essay Example | Topics and Well Written Essays - 250 words”, n.d.)
Real Estate Essay Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/law/1689362-real-estate
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