Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

betterment act

Read a random definition: privilegium clericale

A quick definition of betterment act:

A betterment act is a law that says if someone improves land that they think they own, but actually belongs to someone else, the landowner has to pay them for the improvements. The payment is usually the amount that the land's value increased because of the improvements. This law is also called an occupying-claimant act or an occupant statute.

A more thorough explanation:

A Betterment Act is a law that requires a landowner to compensate an occupant who has made improvements to the land under the mistaken belief that they are the real owner. The compensation usually equals the increase in the land's value generated by the improvements.

For example, if a person rents a piece of land and builds a house on it, but later finds out that they do not own the land, the Betterment Act would require the landowner to compensate the occupant for the value added to the land by the house.

Another example would be if a person mistakenly believes that they have inherited a piece of land and invests money into improving it, but later finds out that they are not the rightful owner. The Betterment Act would require the actual owner to compensate the occupant for the value added to the land by the improvements.

betterment | betterment tax

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
Dkk
13:42
Sounds good to me
HopefullyInLawSchool
13:43
@glovediedthisishismom: What if he appoint Ym instead?
HELP
every damn opportunity
13:47
do schools straight reject people from ed or to they always ed-rd if its a no for ED?
HopefullyInLawSchool
13:48
Some schools rject
13:49
Thanks! I couldn't find any reddit thread about it lol
13:49
but just means now I have to wait for the rejection from Davis
glovediedthisishismom
13:53
i just wanna rock
glovediedthisishismom
13:53
bodyadaya
13:53
let it rock
14:17
How are the vibes heading into thanksgiving yall?
HopefullyInLawSchool
14:17
@Law-Guy Im feeling kinda happy I applied YM to UCI hoping it helps (:
Wanna give some head
soap
14:18
Cornell
14:19
@HopefullyinLawSchool What's YM?
14:19
oh no
HopefullyInLawSchool
14:19
you mom
WorthlessAttractiveZombie
14:19
Ouch
HopefullyInLawSchool
14:19
your*
14:19
I fear I realized too late
babycat
14:20
another victim claimed
concorde
14:22
pwned
14:22
Might have to send in addendums for that
Dkk
14:26
No wave, so sad.
WorthlessAttractiveZombie
14:28
What are the odds that berk releases later today?
babycat
14:28
@Dkk: And here I thought you were a prophet. Smh.
14:33
@WorthlessAttractiveZombie: 4
WorthlessAttractiveZombie
14:35
@EvolBunny: I will take the odds of 4, very promising
LSD+ is ad-free, with DMs, discounts, case briefs & more.