- Apply for a Mortgage
- Contact Us
- Mortgage News
- Library & Statistics
- Rates & Tools
- Mortgage Services
- Home
1-800-604-1864
Professional Listings
Mortgage Statistics
Apply Now
Mortgage Rates
Current Mortgage RatesVariable closed: 1.65% 1 year closed: 1.64% 3 year closed: 1.59% 5 year closed: 1.69% 10 year closed: 2.84% Glossary
Tools
Mortgage Calculators Credit Card Calculators
Search the Glossary
GLOSSARY
Canadian Financial, Real Estate and Mortgage Glossary
How often this word is used
^
50% - Moderately
50% - Moderately
Adverse Possession
Synonyms: | ownership, rights, squatter's rights, use it or lose it, usurpation |
Filed Under: | legal-contracts, real-estate |
Tags: | contract, legal, realty |
Definition of adverse possession
- adverse possession
- 1. Also known as "squatter's rights." This refers to a person or persons getting title to a piece of property or land by simply using it without any objection from the legal title holder. Where the law permits, anyone one who uses land for 10 years or more openly as if they owned it, will be granted ownership of it.
Related Terms and Acronyms:
- adverse use Use of someone's property without permission.
- aviation easement An agreement that grants the right to fly airplanes over property, even if the practice causes damage, inconvenience, or loss of property value. Such an agreement usually restricts the property owner from building or growing anything over a specified height.
-
common law (CL)
Traditional, unwritten law based on English custom.
➥ Laws developed by judges through court decisions and precedent. - common law marriage (CLM) To be recognized as being married without foregoing a matrimonial ceremony.
- condemnation The act of condemning (as land forfeited for public use) or judging by a government to be unfit for use.
- easement Giving persons other than the owner access to or over a property.
- possession Something that is owned.
- title Evidence of a person's right to possession ownership of a property.
Search the Glossary
The Greatest Mortgage Calculator
Rejoice! For the greatest mortgage calculator is finally here! Experiment with different mortgage rates, terms, amortizations and payment schedules or compare two different mortgages with automatically generated charts and graphs.Mortgage Rates
Ready access to and relationships with a vast array of lenders gives our brokers the unique ability to offer you amazing mortgage rates and flexible products.
|
Tel: 1-800-604-1864 Fax: 1-866-565-1864 info@superbrokers.ca |
© 2000-2020 Super Brokers is Canadian owned and operated by Colloco Enterprises.
All trademarks and logos are the property of their respective owners. All rights reserved.
All trademarks and logos are the property of their respective owners. All rights reserved.