Hi, I need advice. I found a biz that has been abandoned. The biz that owned it is o.o.b. I want to take it over with squatters rights or any other...
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Agree with Chuck's feedback. There is no such thing as squatter's rights. That is about as legal as "no takebacks" when swapping lunch snacks in elementary school.
That said, there is an owner, and owners have rights. The best first step is to figure out who that is and talk directly to them about purchasing the property. The business and the property owner may also be separate entities, so you may need to look at the State's business registration to determine who owns the business. You could get the property without rights to the business's name.
This is probably an area where working with an attorney might make sense.
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More answers from Andrew
Actually, there is such a thing as squatters rights, but this is not the correct term. It's actually called adverse pissession. Every state has it's own rules on the. You can search with- adverse pissession & state. Should find ut thus way.