Contract for the purchase of the real property

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Reference no: EM131993948

Assume that the business owners decide to buy, and a large tract of land with a 3000-square foot building has been identified as a possible site. A survey of the land is conducted, and it is discovered that a trailer and small vegetable garden occupy a portion of the land. The trailer is inhabited by a couple with two young children, and it is determined that the family has lived at this location for a number of years. Your client (the owners of Power Electricians) apprises you of these facts, expresses concern about what rights the family may have, and asks how this might impact your client's plan to use the area that is currently occupied by the trailer and garden for parking. Make a memo to your client addressing the issue of adverse possession. In your memo, be sure to explain some of the key considerations in determining whether the family might be successful in claiming title, based on adverse possession, to the portion of the property they've occupied.

Assume that a contract for the purchase of the real property is ultimately executed, and the family has agreed to vacate the land. Your client has inquired about the type of deed that should be prepared, and you've been asked to respond to their inquiry in an email. What would you advise the client, and why?

Reference no: EM131993948

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