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Property, an object of legal rights that collectively encompasses possessions or wealth, often with strong connotations of individual property. In law, the term refers to the set of legal relationships between and between people in relation to things. Things can be tangible, like land or property, or intangible, like shares and obligations, a patent or copyright. In the common law system of England and its historic colonies, local legislators – such as the parliament in England or the legislatures of us states – typically create statute of limitations that prohibit owners from recovering property after a certain number of years. [3] Although the elements of an unfavorable act of possession are different in each jurisdiction, a person who claims unfavorable possession is generally required to demonstrate an unlicensive use of the property that is real, open and well-known, exclusive, unfavorable and continuous during the legal period. [4] [c] Adverse possession exists to remedy potential or actual defects in real estate titles by prescribing possible disputes over ownership and possession. Because of the doctrine of unfavorable ownership, a landowner may be safe by owning his land. Otherwise, long-lost heirs of a former owner, owner or secured creditor of past centuries could assert a legal right to the property. The doctrine of unfavorable possession prevents this. This means that the law can be used to reward a person who owns someone else`s land for a certain period of time.

A landowner`s failure to exercise and defend his or her property rights for a certain period of time may result in the permanent loss of the landowner`s ownership in the property. Economically, unfavorable ownership promotes and rewards productive land use. Throughout the West, property can be acquired through various «original modes» of acquisition. For example, «occupation» is an initial means of acquisition if the thing that was owned did not belong to anyone in the past. A thing can also be bought if someone owns it for a while, as if they were the owner. This is called «acquisitive regulation» in civil law countries, and «unfavorable possession» in Anglo-American countries. Privileges granted by public authorities, such as rights to publicly available mineral resources or to the exclusive use of an invention, can be considered as original types of acquisitions. The ancient French property chatels, properties, of the medieval Latin capital, of the system of castration of the head of capital, principal – see Capital The disseminator must own the property in a way that can be seen.

That is, the use of the property by the disseminator must be sufficiently visible and obvious to inform the rightful owner that someone can make a claim, and must be such as to notify a reasonable person. If the rightful owner has real knowledge of the use, this element is fulfilled; It can also be filled by fencing, opening or closing doors, or an entrance to the property, vertical panels, crops, buildings, or animals that a diligent owner might be expected to know. Some jurisdictions that are not common law have laws that resemble adverse property. For example, Louisiana has a legal doctrine called acquisitive prescription, which is derived from French law. The use of property, especially land ownership, is widely regulated throughout the West. Neighbors who have been injured by adjacent land uses can sue in Anglo-American countries. Similar actions exist in civil law countries. Throughout the West, landowners may agree to allow others to use their land in a way that would otherwise be feasible, and such agreements may be made to bind those to whom the land is transferred. Anglo-American law tends to divide this grant of rights of use into categories that reflect their common law origins: easements (e.g., rights of way), profits (e.g., the right to take minerals or timber), genuine agreements (e.g., the promise to pay owners` association fees), and equitable easements (e.g., the promise to use the property only for residential purposes).

Civil law does not have as many categories, the category of «bodily characteristics» tends to cover them all, and civil law is a little more restrictive. However, most of the same practical results can be achieved in civil law countries as in Anglo-American countries. In some jurisdictions, a person who has successfully acquired property through unfavorable possession may (possibly) take legal action in a district court to deposit «implied title» on his or her behalf over some or all of the former owner`s property. Such a measure will facilitate the definitive communication of the interest to others and will also indicate that there is a new owner of the file, which may be a prerequisite for benefits such as participatory loans or judicial status as a cutter. Even if such action is not taken, the title is legally considered the property of the new holder of the title, with most of the benefits and levies, including the payment of property taxes, to avoid losing the property to the collector. The impact of a foreigner paying taxes on a property under title can vary from jurisdiction to jurisdiction. (Many jurisdictions have accepted the payment of taxes for the same lump sum from two different parties without raising any objection or informing either party that the other has also paid.) Under traditional English common law, it was not possible to obtain ownership of Crown property through unfavourable property. This principle was embodied in the Latin maxim nullum tempus occurrit regi («no time runs against the king»). In the United States, this privilege has been transferred to the federal and state governments; Government land is protected from loss due to adverse property.

[6] Land with title registered in some Torrens title systems is also immunized, for example, land registered in the Hawaii Land Court System. [7] [8] In addition to the basic elements of an adverse possession case, state law may require that one or more additional elements be proved by a person who alleges adverse possession. Depending on the state, additional requirements may include: For example, Bert obtained a usufruct right to Helen`s property. Helens accommodation is a bed and breakfast with a large garden that needs to be maintained. Helen is in poor health and can no longer take care of the property and manage the business. Bert, as a usufructuary, has the right to use the property and operate the business on Helen`s behalf during the period when the usufruct right is in force. The usufruct may be in force until Helen`s death, when the succession is settled and the property is transmitted by law or the instructions of the succession. In today`s Western law, most tangible things can be propertyed, although some types of natural resources, such as wild animals, water, and minerals, may be subject to special rules, especially regarding how they are to be acquired.