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In a trust, one person may own the legal title, such as the trustees. Another person may own the equitable title such as the beneficiary. [2] In countries with a sophisticated private property system, documents of title are commonly used for real estate, motor vehicles, and some types of intangible property. When such documents are used, they ...
Examples are those getting the property as a gift and heirs. Also, those who purchase ownership interests in the owners of the property, such as shares of stock in a corporation owning the land, have not purchased an interest in the property itself and so are unprotected. Also, recording laws generally do not protect purchasers against real ...
"The person who forged the deed is now the property owner," real estate attorney Arash Sadat explained to ABC7 Eyewitness News. "So, for you to get title back to that property, they would have to ...
Tribal titles give the title-holder authority over a bloodline rather than a physical geography. Institutional titles are mostly confined to a specific campus, corporation, temple, or other private or semi-public institution. Divisional is applied to most military & police ranks, with the number of people under that rank's command listed when ...
Adverse possession in common law, and the related civil law concept of usucaption (also acquisitive prescription or prescriptive acquisition), are legal mechanisms under which a person who does not have legal title to a piece of property, usually real property, may acquire legal ownership based on continuous possession or occupation without the permission of its legal owner.
Under American law, the first possessor of a property generally acquires the property. [1] The first possessor is the first person who intends to assert control over the object and in fact exercises significant control over the object. [10] A seminal case on first possession is Pierson v. Post. [11]
One person may own a larger share of the property than another. Even if owners own an unequal amount of shares, all owners still have the right to use all of the property. If one owner dies, their share of the property is transferred to the designated individual in their will contract.
The rights to a property may be transferred from one "owner" to another. A transfer tax is a tax on the passing of title to property from one person (or entity) to another. An owner may request that, after death, private property be transferred to family members, through inheritance. In certain cases, ownership may be lost to the public interest.