if you find a lost item on your own property can you keep it?
3 Answers from Attorneys
Not if you KNOW who it belongs to.
The value of the item has some relevance and also how it got lost on your property as well. For example if a jeweler is driving in his car with diamonds in a case, and gets sideswiped and winds up off the road on your property. And when he gets out of the car the case falls out. You witness the whole thing, the police come and take a report. His car gets towed, etc. And then later that day you find the case at the crash scene, you really can't think you are entitled to keep the diamonds do you? On the other hand, say you are a farmer with some woods on his property that people have gone walking in for years and you don't mind. One day you are walking in the woods and find a money clip with $128 in it. Sure, you can keep that without worrying about being sued or prosecuted.
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