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What are squatter rights?
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What Are Squatter Rights?
As we mentioned earlier, "squatters rights" is, in fact, a legal term. What is the squatters law and how does it affect you as a landlord?
Most commonly, these rights come into play when a landlord discovers the presence of squatters and wants them to leave. Squatters are entitled to a notice of eviction, not unlike a tenant who violates the lease.
However, landlords who are dealing with squatters also need to be aware of adverse possession. Adverse possession refers to the legal process by which some squatters can obtain legal ownership rights to the property they live in. That's right, squatters may be able to obtain full ownership of your property.
How does this work? The regulations regarding adverse possession vary from state to state and they are not always easy to achieve. For example, many states require that squatters pay property taxes on the property for a minimum of seven years to obtain adverse possession. This is just one of many qualifications that, as we said, are not that easy to accomplish.
For more information you can contact us at:
Colorado Realty & Property Management, Inc.
12303 Airport Way # 160, Broomfield, CO 80021, USA
Phone: +1 303-665-7368
Colorado Realty & Property Management, Inc.
1660 S Albion St # 619, Denver, CO 80222, USA
Phone: +1 303-665-7368
Colorado Realty & Property Management, Inc.
Fort Collins, CO 80222, USA
Phone: +1 970-432-3110
Colorado Realty & Property Management, Inc.
Colorado Springs, CO 80222, USA
Phone: +1 719-312-7752
We provide an “Extraordinary Service” because we know that our property owners want us to find good qualified Tenants, respond quickly, keep them informed, and take good care of their properties.
Most of all, we care and take pride in delivering personalized service to our owners, tenants, customers, and clients.
We are a results-oriented company, driven by the satisfaction of our clients and we continuously strive to deliver the most comprehensive level of service possible.
We are in our 14th year of business and to be in business that long it has to be on purpose!
#LandlordTips #PropertyManagement #RealEstateInvesting
As we mentioned earlier, "squatters rights" is, in fact, a legal term. What is the squatters law and how does it affect you as a landlord?
Most commonly, these rights come into play when a landlord discovers the presence of squatters and wants them to leave. Squatters are entitled to a notice of eviction, not unlike a tenant who violates the lease.
However, landlords who are dealing with squatters also need to be aware of adverse possession. Adverse possession refers to the legal process by which some squatters can obtain legal ownership rights to the property they live in. That's right, squatters may be able to obtain full ownership of your property.
How does this work? The regulations regarding adverse possession vary from state to state and they are not always easy to achieve. For example, many states require that squatters pay property taxes on the property for a minimum of seven years to obtain adverse possession. This is just one of many qualifications that, as we said, are not that easy to accomplish.
For more information you can contact us at:
Colorado Realty & Property Management, Inc.
12303 Airport Way # 160, Broomfield, CO 80021, USA
Phone: +1 303-665-7368
Colorado Realty & Property Management, Inc.
1660 S Albion St # 619, Denver, CO 80222, USA
Phone: +1 303-665-7368
Colorado Realty & Property Management, Inc.
Fort Collins, CO 80222, USA
Phone: +1 970-432-3110
Colorado Realty & Property Management, Inc.
Colorado Springs, CO 80222, USA
Phone: +1 719-312-7752
We provide an “Extraordinary Service” because we know that our property owners want us to find good qualified Tenants, respond quickly, keep them informed, and take good care of their properties.
Most of all, we care and take pride in delivering personalized service to our owners, tenants, customers, and clients.
We are a results-oriented company, driven by the satisfaction of our clients and we continuously strive to deliver the most comprehensive level of service possible.
We are in our 14th year of business and to be in business that long it has to be on purpose!
#LandlordTips #PropertyManagement #RealEstateInvesting
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