Can you claim abandoned property in California?
In California, determining whether property has been abandoned is relatively easy. If the tenant has moved out of the rental unit and the tenancy has been terminated, then you can consider any property left behind at the rental unit to be abandoned (see Cal. Code of Civ.
How do I get a property through adverse possession in California?
In order to assert a claim of adverse possession in California, the claimant (party seeking to gain title to the property) must demonstrate:
- possession under a claim of right or color of title;
- actual, open, notorious occupation (protected by a substantial enclosure such as a fence and usually cultivated or improved);
Can you give a piece of real estate to a child?
You give a piece of real estate property directly to your child or grandchild. If you give a plot of land to your child or grandchild, it’s considered a gift in the eyes of the IRS. Gifts of real estate to your child are not tax deductible.
Is it possible to give real estate as a gift?
If you own real estate, you might have wondered if it’s possible to give it as a gift, whether it be to a family member, charity, or other organization. Many people gift real estate after they pass away by naming individuals or organizations to inherit their property in their estate plans.
What should I use to transfer property as a gift?
When you’re transferring property as a gift to a family member or friend, generally a document such as a Quitclaim Deed is used.
Is it possible to live in a commercial property?
Pay special attention to older areas of town—they’re more likely to be zoned for mixed use. Ultimately, though, your best bet is going to be getting in touch with a realtor or broker who knows the local market well. Many specialize in either residential or commercial properties, but some do work with both. Happy hunting.