You work for a real estate holding company (a company whose sole purpose is to own real
Question:
You work for a real estate holding company (a company whose sole purpose is to own real estate). Your company buys property all across the United States at auctions, estate sales, and other similar transfers. Some of the properties that your company owns are located in remote locations in the mountains or forests. Your boss recently has come to you and informed you that the company has just purchased a dozen new properties in the mountains of California. California 's adverse possession statute allows for someone to become the owner of land if they pay property taxes for five years while actually occupying the land in a hostile, open and notorious, and exclusive and continuous manner. Discuss some things you can do to ensure that no other person or entity can "take" your newly acquired land in California.
Advertising & IMC Principles & Practice
ISBN: 978-0132163644
9th Edition
Authors: Sandra Moriarty, Nancy Mitchell, William Wells