Definition of "Prescription"

Method to obtaining title to property through open, notorious, adverse, and continuous use of the property for a statutorily prescribed period of time. For example, Jack openly and continuously occupies an abandoned home. Eventually it is ruled that he has acquire title to the property through prescription.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

Buyer agrees to accept the responsibility for the existing mortgage. The seller is not relieved of the obligation unless the lender agrees to release it. Many lenders charge points and ...

Method of eliminating the spaces between the solid fragments in fresh cement or mortar during the mixing process. This is done by a combination of constantly mixing, turning, centrifuging, ...

(1) Giving up an ownership claim to property. (2) Renunciation of a claim to real property. ...

An official indicating intensity of land use in a zoned urban area. ...

Cancellation of a contract such as when a real estate agreement is deemed illegal. ...

Window normally mounted on hinges in a window casing. It swings outward to open. ...

Barrel, reservoir, or tank for storing rain runoff. ...

Long, one-story house with the roof sloping toward the ground, often having skylights and contemporary windows. ...

Will not meeting all the requirements of a valid will. ...

Popular Real Estate Questions