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The Virgin Islands Uniform Unclaimed Property Act requires every business entity to review its records to determine whether they hold any funds, securities or other property presumed abandoned under the Act, and file an annual report with the Office of the Lieutenant Governor, Division of Banking and Insurance.
Hear this out loud PauseThomas, St. John, St. Croix and Water Island?is the same as purchasing property in the United States. If you do decide to buy property in paradise, the title is handled the same and have the same guarantees and the Constitutional protections that one enjoys on the continent.
In order for a party to establish title or ownership to property by adverse possession, the possession or use of such property must be actual, uninterrupted, exclusive, physical adverse, continuous and notorious for the statutorily prescribed period of time.
Hear this out loud PauseRent the property: Similar to granting permission, you may be able to get the trespassers to sign a lease to rent the property. This could also help prevent a trespasser from making an adverse possession claim.