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Adverse possession dates back to all the way to the Code of Hammurabi. Arguably, it is a necessary part of property ownership itself because otherwise you could
by seoaeu 4y ago
Adverse possession dates back to all the way to the Code of Hammurabi. Arguably, it is a necessary part of property ownership itself because otherwise you could never know whether you (or the person you bought it from) owned a specific piece of land at all. Someone could always come by with an old deed and say that it belonged to them.
- refurb 4y agoLand title systems are really interesting. You are correct that under the deed system, proof is held by the owner through a link of subsequent deeds. Some countries still use this system. When I bought a house you could see ownership going all the way back to the establishment by the British Crown, then the provincial government, then the township, then the city, then the developer and then 5 different owners. All of that is captured and maintained as records (either by the owner exclusively or a land registry). Other's have moved to a central registry. Basically the registry owned by the government is the sole "source of truth" about land ownership. If ownership is not registered, then it's not recognized. If there are any errors (say a fraudulent purchase that actually get included in the system), it's covered through title insurance.
- SenHeng 4y agoWhen I bought property in Tokyo, you could see all the times the previous owners made any changes the the old (splits and mergers) as well as how many mortgages have been taken out on it. I was quite surprised at how much private info was on it, and the record of it supposedly will last til the government falls or something I guess. Will archaeologists from the future stumble upon some filing cabinet and have a good laugh at my debts?
- bombcar 4y agoIt likely will be used to determine how people lived in the ancient days of the 2000s, similar to how we use beer receipts from the time of the Pharaohs to deduce how life was back then.