What is the name of your state (only U.S. law)? California
Due to a death in my family, I have come into ownership of a small, triangular parcel. Only a few hundred feet of landlocked land right in the middle of the block in a major metropolitan city.
The thing is, this piece of land is adjacent to much larger parcel that currently has a large business building on it. I'm sure at one time the owner of the large parcel owned this smaller parcel as well, but he/she didn't pay taxes on this little parcel, it went to a tax auction, and was purchased by the member of my family.
I want to offer my parcel to the owner of the building. It seems to make the most sense for him and for us.
My question is: If he refuses our offer to sell, what rights do I have to compensation for his use of my land? Can I consider the portion of his building on my land to be a fixture and file claim of ownership? I don't want to do that, but I'm wise enough to know that without some kind of leverage, I'm approaching him from a position of weakness — never a good way to propose a deal.
Thanks.
Due to a death in my family, I have come into ownership of a small, triangular parcel. Only a few hundred feet of landlocked land right in the middle of the block in a major metropolitan city.
The thing is, this piece of land is adjacent to much larger parcel that currently has a large business building on it. I'm sure at one time the owner of the large parcel owned this smaller parcel as well, but he/she didn't pay taxes on this little parcel, it went to a tax auction, and was purchased by the member of my family.
I want to offer my parcel to the owner of the building. It seems to make the most sense for him and for us.
My question is: If he refuses our offer to sell, what rights do I have to compensation for his use of my land? Can I consider the portion of his building on my land to be a fixture and file claim of ownership? I don't want to do that, but I'm wise enough to know that without some kind of leverage, I'm approaching him from a position of weakness — never a good way to propose a deal.
Thanks.