Renting Out Property? You Could Lose Ownership After 12 Years, Here's Why

Renting Out Property? You Could Lose Ownership After 12 Years, Here's Why

A tenant who occupies a property continuously for 12 years without any legal objection or eviction action from the landlord can potentially claim ownership rights.

You Might Be a Landlord (And Not Even Know It)

Ask people who rent out rooms in their homes what they call themselves, and you’re unlikely to hear the term “landlord.” That’s because many people who rent rooms think of their tenants as “roommates.” For room renters and house hackers (those who intentionally rent out one or more rooms to cover expenses), the arrangement doesn’t feel like a traditional landlord-tenant relationship where the landlord lives in a separate residence. The two share…