Thinking about buying, selling or gifting property to someone in Trinidad and Tobago? The process of transferring property can seem a bit confusing. Here we'll make it easier by pointing out 7 things you should know when transferring property in T&T.
Land title documents are often created following the sale, mortgage, assent or gifting of a parcel of land or property. When such transactions occur and these land title documents are made, they should be registered at the Land Registry in the Registrar General’s Department at the Ministry of the Attorney General and Legal Affairs.
Adverse possession is a legal rule that allows an occupier (a squatter) of land (who does not have legal title to it) to obtain ownership of it if he can prove exclusive, continuous and uninterrupted possession of the land for at least sixteen (16) years in the case of land owned by an individual or thirty (30) years in the case of land owned by the State.
To establish adverse possession one must fulfill the following requirements:
We've seen this happen many a time in T&T but when exactly can a person who "squats" get legitimate title to land in Trinidad and Tobago?
When two or more persons own property together they hold the property as either:
joint tenants OR as tenants in common.
You've probably heard these terms before but what do they actually mean? Knowing the meaning of these terms can help you to decide how you want to hold property with other persons - possibly the property you own with your spouse, business partner, relative or friend.