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What Is Annexation In Real Estate?

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0 2022-06-23T09:39:38+00:00
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I have always loved history and have come across the word “annexation” there in almost every chapter. Be it Akbar annexing territories or Alexander but never knew its meaning in real estate. My cousin came and was discussing how some properties came into the city limits and smoothly it was annexed.  As soon as he went away, I asked my father curiously what is annexation in real estate? Does it mean the government is using its power and curbing the limits of the people? He laughed and said no. It is a good thing actually. So let me tell you why.

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 Annexation Meaning

If you ask me to define annexation in real estate, I will say that it is a method by which properties are brought under city limits and helps the city to grow and prosper. The properties are to get a lot of advantages as soon as they get incorporated within the city like

  • Police protection

  • Water rate gets lower for them from now onwards

  • Gets high security

  • Streets are well-maintained than previously

  • Several Municipal services and more

Difference between annexation and occupation

To be very precise, occupation is a negative aspect and annexation is the positive one. Annexation refers to the addition of something that has been annexed and gives them benefits but occupation is an activity by which one occupies something using force and starts controlling them. Occupation usually refers to military presence and happens when there is war or rivalry going on between nations, countries, areas or more.

I hope now you have an idea about

annexation in real estate

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