Definition of "Squatter's right"

Jonathan Slater, MBA (HBS) real estate agent
Jonathan Slater, MBA (HBS), Real Estate Agent President, Sequel Residential

Right to use property in the absence of forcible eviction by another. Some state laws allow squatter's rights to convert to bona-fide title over time. For example, if it cannot be ascertained who owns a parcel of property then a squatter may acquire title to the real estate because he has been an occupant of the property continually for some minimum period required by law.

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