Property Ownership
Under Alaska law, adverse possession requires use of the property for a statutory period of:
A5 years
B7 years
C10 years✓ Correct
D20 years
Explanation
Alaska's adverse possession statute (AS 09.45.
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Key Terms to Know
Adverse Possession
A doctrine by which a person can gain legal title to another's land by openly, continuously, and adversely occupying it for a statutory period.
Adjustable-Rate Mortgage (ARM)A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
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