What is an accession?

Accession is a term used in Property Law to describe the transfer of ownership of certain types of property. In Florida, accession law generally applies to tangible, personal property. In order for an accession to be successful, the item being transferred must become a part of the existing property, such as when a machine is added to an existing building, or when a book is added to a collection of books. In these cases, the party receiving the item is said to acquire ownership of it, and the party transferring the item is said to give it up. In addition, accession does not only apply to tangible property, but also intangible property, such as intellectual property. For example, if someone creates a new logo design for a business, and the business then incorporates that logo into its branding, the business would now have ownership of the logo. Accession is also relevant to maritime law, in which a ship acquires all of the goods carried in it, even if those goods are owned by another person. This is often referred to as the presumption of accession. Finally, accession is used in Florida estate law to refer to the situation in which an heir or beneficiary acquires property that the decedent had no legal ownership of. This could include property acquired after the decedent’s death, or property that the decedent had a legal or equitable right to but did not actually own.

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What is an accession?

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