What are "squatter’s rights"?

Squatter's rights refer to the legal rights claimed by individuals who occupy land without having legal title to that property. This concept is often associated with the principle of adverse possession, where a squatter can potentially gain legal ownership of the property if they occupy it openly, continuously, and without permission for a certain period defined by state law. This means that if someone has been living on a property for an extended time, they might be able to assert their rights to that property even though they do not hold the title.

Understanding squatter's rights is essential, particularly in real estate transactions and property disputes, as it highlights the importance of clear title and ownership. This knowledge is vital for both property owners and those considering occupying distressed or abandoned properties, as it can affect their legal position and any potential future claims regarding ownership.

The other choices presented relate to different aspects of property law or rights but do not accurately define squatter's rights, thus highlighting their specific legal nature.