Other evidence of ownership Sample Clauses
The 'Other evidence of ownership' clause defines what forms of documentation or proof are acceptable to establish a party's ownership of an asset, property, or intellectual property when standard documents like titles or certificates are unavailable. This clause typically allows for alternative records, such as receipts, affidavits, or historical usage, to be considered valid evidence. Its core function is to provide flexibility and ensure that ownership can still be demonstrated in situations where traditional documentation is missing, thereby reducing disputes and facilitating transactions.
Other evidence of ownership. The following items may be accepted as evidence of ownership if a recorded deed cannot be provided:
(1) Any legal instrument, whether or not recorded, which is commonly con- sidered evidence of ownership.
(2) Evidence that the person(s) re- ceiving assistance from the HPG grant- ee is listed as the owner of the property by the local taxing authority and is re- sponsible for any real estate taxes.
(3) Affidavits by others in the com- munity that the person(s) receiving as- sistance from the HPG grantee has oc- cupied the property as the apparent owner for a period of not less than 10 years, and is generally believed to be the owner. [58 FR 21894, Apr. 26, 1993, as amended at 62 FR 26209, May 13, 1997]
Other evidence of ownership. The following items may be accepted as evidence of ownership if a recorded deed cannot be provided:
(1) Any legal instrument, whether or not recorded, which is commonly considered evidence of ownership.
(2) Evidence that the person(s) receiving assistance from the HPG grantee is listed as the owner of the property by the local taxing authority and is responsible for any real estate taxes.
(3) Affidavits by others in the community that the person(s) receiving assistance from the HPG grantee has occupied the property as the apparent owner for a period of not less than 10 years, and is generally believed to be the owner. § 1944.662 Eligibility of HPG assistance on rental properties or co-ops.