§ 1000 Property Acquisition Methods

• •You can own property by actually using or living on it (occupancy).
• •You can own property by adding something permanent to it (accession).
• •You can own property by receiving it through a sale or gift (transfer).
• •You can own property if someone leaves it to you in a will (will).
• •You can own property by inheriting it when a relative dies (succession).

Imagine you find a lost bicycle in the park and decide to keep it, you add a new shed to your backyard, you buy a couch from a store, you receive a family heirloom through a will, and you inherit your grandmother's jewelry after she passes away.

Finding and keeping the bike shows ownership by occupancy; adding the shed is accession; buying the couch is a transfer; getting the heirloom through a will is a will; inheriting jewelry after death is succession.