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What circumstances help to recognize property rights to real estate items based on acquisitive prescription
01.04.2016
A company may own a real estate item from a long time. This right is often exercised without documents confirming the right of ownership. In order to register it it is necessary to file an action for declaration of right to court.
Lawyer of Real estate and construction practice of YUST Law Firm Dmitry Zheleznov prepared an article for “Company Lawyer” magazine on the circumstances subject to proof.
The applicant has to confirm that he possessed the property in good will, openly and continuously as if it were his own during fifteen years. In this case the right of ownership is recognized based on acquisitive prescription.
A company may own a real estate item from a long time. This right is often exercised without documents confirming the right of ownership. In order to register it it is necessary to file an action for declaration of right to court. Lawyer of Real estate and construction practice of YUST Law Firm Dmitry Zheleznov prepared an article for “Company Lawyer” magazine on the circumstances subject to proof.
The applicant has to confirm that he possessed the property in good will, openly and continuously as if it were his own during fifteen years. In this case the right of ownership is recognized based on acquisitive prescription.
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