understanding financial jargon
An occupier of land can register this type of title at the Land Registry. If unchallenged after 12 years, the occupier has an absolute right to the land (`squatter's rights'). The Land Registry will not convert Possessory title to absolute title, however, until 15 years after registration of the former.
What to do if you need more help
If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.
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