Possession
Possession
- Exclusive
Actual
possession means a right to have and retain the property until it is challenged
and the contrary is proved. A person who establishes a better right to possess
than the other would be the owner and thus possession is a vital essential
ingredient of ownership.
Indian
law confers ownership to a person who has uninterrupted possession for a quite
long period, which is called adverse possession. On the other hand, if the
owner is not in possession of his property, he loses his ownership. Thus
ownership is finally based on possession.
If
a building is transferred or sold, the solicitor has to verify that the
property tax has been fully paid up to date and there is no arrears, pending
due or there is no appeal or claim by any civic authority. This can be verified
in the guarantee given in the deed and also in property tax statement or
receipts.
In
addition to the above, the client may be advised to make enquiry in person at
the spot of the property about the possession, particularly if it is a vacant
site or the owner is residing outside of the property.
Possession
- Adverse
Adverse
possession is a concept whereby title to a property comes to rest in a person
who has no right thereto, but who asserts a right thereto, openly, continuously
and hostilely against all the world including the real owner, for 12 continuous
years.
If
a person does so for this statutory period, they are said to `prescribe' title
to the property. Such possession which is `open', `continuous' and `hostile' is
called adverse possession, since such possession is adverse to the interests of
the real owner.
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