Property Ownership
In Illinois, what is 'adverse possession' and what are the requirements to establish it?
AGovernment seizure of abandoned property after 5 years
BAcquiring legal title to another's land through open, notorious, continuous, hostile, and exclusive use for the statutory period (20 years in Illinois)✓ Correct
CA court order allowing trespassing for emergency access
DThe right to purchase neighboring property at a discounted rate
Explanation
Adverse possession in Illinois requires open, notorious, hostile (without owner's permission), exclusive, and continuous possession of another's land for 20 years (or 7 years with color of title and payment of taxes). If all elements are met, the adverse possessor can file a quiet title action to obtain legal ownership.
People Also Study
Related Illinois Questions
- In a quiet title action in Illinois, a property owner goes to court to:Escrow & Title
- In Illinois, 'color of title' in the context of adverse possession refers to:Property Ownership
- What is 'color of title' in Illinois adverse possession law?Property Ownership
- Adverse possession in Illinois requires that the use be:Property Ownership
- What is a 'quiet title action' in Illinois?Escrow & Title
- A title search in Illinois typically examines records going back how many years to establish a 'marketable title'?Escrow & Title
- When a property owner dies intestate (without a will) with no heirs, the property passes to the state under the doctrine of:Property Ownership
- In Illinois, which type of mortgage instrument conveys legal title to a third-party trustee until the loan is repaid?Finance
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.
Net Operating Income (NOI)The annual income generated by an income-producing property after subtracting operating expenses, but before debt service.
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.
Math Concepts
Study This Topic
Practice More Illinois Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Illinois Quiz →