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"it's usually obvious who (person or business) controls the land anyway" That's really not the case if the asset is owned by an opaque offshore company or trus
by arethuza 7y ago
"it's usually obvious who (person or business) controls the land anyway"
That's really not the case if the asset is owned by an opaque offshore company or trust - it's then pretty much impossible to know who the beneficial owner actually is.
- ClumsyPilot 7y agoSort-of. You can make use of Adverse Possession to take ownership of land. The owner must reclaim their property, (and prove their ownership) or loose all rights to it. Unfortunately in UK squatting in a residential property is a crime, amusingly adverse possession still applies - you could claim someone's house but go to jail. It's a weak threat though, most luxury apartment blocks used for 'investment' have security, you need to reside continuously for 10 years, they will send the owner a letter, etc. I would like to see the principle of 'use it or lose-it' for limited public goods like land.
- deleted 7y ago[deleted]