|Posted:||January 31, 2017 02:47 PM|
|From:||Senator David G. Argall|
|To:||All Senate members|
|Blighted and abandoned properties are common throughout the state. This issue is further exacerbated when a property is deserted and there is no clear title of ownership associated with the property.
To combat this growing problem and to ensure that there is a distinct title to properties, I am introducing legislation that would reduce the allotted period of time that is necessary in order to acquire a title through adverse possession under various situations and circumstances.
Current law states that an individual is able to acquire a clear title to a property under adverse possession in 21 years. Under my legislation, it will reduce the number of years needed to obtain a clear title to 10 years. Other requirements include the property must be less than half an acre in size and contain a single-family home, as well as the claimant meeting the standards of adverse possession set forth under the current state law.
Through adverse possession, a property that has been neglected by the owner (as records indicate), can be re-titled in the name of another individual who has a long-established relationship with that particular property. This legislation will help to reduce the number of blighted and abandoned properties in our communities because residents will be able to obtain a clear title to a property faster, as well as qualify for various home improvement loans and grants if they wish because there will not be any discrepancies with ownership titles.
Introduced as SB434