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Adverse possession is a legal doctrine that allows a person who occupies and uses someone else's land or property openly, continuously, and without permission for a legally specified period of time to potentially claim legal ownership of that property.
Squatters have rights under the legal principle of adverse possession, which allows someone who openly and continuously occupies neglected property for a certain period to potentially claim ownership.
Depreciation recapture tax in real estate is a tax of up to 25% on the portion of gains from the sale of an investment property that is attributable to depreciation deductions taken during ownership.
Emergency Rental Assistance Programs (ERAPs) provide financial aid to eligible renters and landlords by covering unpaid rent and utilities, aiming to prevent evictions and ensure housing stability, with funds often distributed through local governments.
Eviction-approved apartments refer to rental properties or housing units that are willing to rent to individuals with prior eviction records.
A Notice of Abandonment is a legal document informing a tenant or property owner that their property is considered abandoned due to vacancy or lack of communication, giving them a final opportunity to respond before losing rights to the property.
Flooring depreciation life varies by material, typically ranging from 5-7 years for carpet, 10 years for vinyl and laminate, and 20-30 years for hardwood and tile.
Pet screening is the process landlords use to evaluate and document tenants' pets or assistance animals to ensure compliance with property rules and legal requirements.
A No-Cause Eviction is when a landlord terminates a lease without giving a reason, typically requiring advance notice and subject to local tenant protection laws.
An HOA cannot directly evict you, but failure to pay dues or violating rules can lead to legal actions, such as foreclosure, which might result in eviction by the new owner.
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