What to do if we have a small business and put a building on somebody else’s property?
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What to do if we have a small business and put a building on somebody else’s property?
We left the area 8 years ago but were still friends and contacts with the people renting the property that the building was located. They used it for storage space and never paid us a penny. We would like to move the building from the property now, but the renters of the property say that they consider the building as abandoned. hey say the the owner of the property has been paying the taxes on it for over 5 years and they have been paying him rent for it. Therefore, they consider that the property owner now owns our building. It is a portable 20 x 30 building. They suggest that we use it as a tax writeoff on our taxes and not move the building.
Asked on April 16, 2013 under Real Estate Law, Texas
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 10 years ago | Contributor
Based upon what you have written, if you placed the building upon rented property eight (8) years ago and left the area without taking the building with you, under the laws of all states in this country you are deemed to have abandoned your ownership interests in the unit. It is no longer yours.
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