What is adverse possession? – an explanation of the reality behind ‘squatter’s rights’

If you’re a property owner, one of the biggest worries is that ‘squatters’ will move into a vacant property and take up residency. If they are not removed quickly then there is the possibility that they can acquire the ownership of a property or a piece of land, simply by staying there for a long time. This is known as ‘adverse possession’ or more commonly, ‘squatter’s rights’. Adverse possession is based on the principle that if the property owner does not evict squatters from their property or land within a…

Legal Tips and Help

Buying or selling a property can be an emotional roller coaster and lawyers use a lot of technical terms, so much so that it can be difficult to follow what they mean and at a time when you are trying to deal with the ups and downs of buying or selling a property, this is not a good recipe for keeping calm. To bring clarity to the puzzle of conveyancing “speak” we at Bowling & Co try our level best not to bombard you with lots of confusing legal terminology.…

Security

In nearly all matters where money is being borrowed or lent, security over assets will be required. Security gives the lender the comfort that, in the event the borrower cannot repay the loan, the security can be enforced and the lender can recover the outstanding loan. The most well known example of such security is probably where a residential property is purchased using a bank loan, and as security the bank is granted a mortgage of the purchased property. In business, it is common for entities such as limited companies…

What is Post-completion and how long does it take?

If you have ever sold or purchased a property you may be familiar with the concept of "Completion". For those who have not done so, completion is the date on which the parties to a transaction physically move to their respective properties, once the solicitors have sent the funds and these have been received. As far as a seller or purchaser is concerned that is the end of the matter for them, as they are either moving onto their new home or receiving a balance in their bank account. For solicitors,…

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