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49 Cards in this Set

  • Front
  • Back
Police power
The right that a state has to adopt and enforce laws.
Restrictive powers
Land-use control can be controlled by government or by private land control.
Zoning laws
Laws of local governments, such as cities and counties, to regulate and control the use of land and structures within designated areas.
Ordinances
Monitor and restrict the use of land and structures within select land-use districts.
Variances
An owner of property in an area can go before the zoning board and request a variation (an exception) that would allow him or her to do something in the area that is not allowed by the current zoning.
Non-conforming use
A permitted use of real property, which was lawful at the time of construction; however, it no longer conforms to current zoning.
Spot zoning
This is zoning of one spot for a use that is not consistent with the surrounding area.
Building codes
Rules set by local, state, or municipal governments that regulate building and construction standards.
Subdivision regulations
The government has the right to require those that wish to establish a subdivision to go by certain laws.
Environmental protection agency (EPA)
This federal agency was established to protect the environment. The EPA also has the right to enforce their laws and regulations.
Health and sanitation laws
Laws to ensure the safety of buildings and businesses after construction.
Buffer zone
A strip of land separating land devoted to one use from land committed to another use.
Eminent domain
The right the government has to acquire privately owned real estate for public use.
Purpose of taking
The projected use for the property must be for public use.
Condemnation
The process by which the government implements their right to take privately owned real estate by judicial means. Just compensation must be paid to the owner by paying fair market value for the property.
Delegation of power
This state can give their police power of eminent domain to a qualifying agency. Ei: The Department of Transportation could take the land to build roads.
Taxation of real estate – direct
A text that is levied by the government directly on an individual or their property is considered a direct tax.
State- can levy taxes on real state to raise funds to meet public operational activities.
County-property taxes
Taxation of real estate – indirect
Indirect taxes are imposed duties and sizes that are laid upon an event happening or privilege. Sales tax is one example. Also tollroads.
Assessment overview
Each property is appraised and appraised value is adjusted by a state-mandated assessment ratio, to establish the properties assessed value.
Ad valorem taxes
Most, but not all, real estate taxes are ad valorem taxes meaning the property is taxed according to value.
Millage rate
One way that a tax rate may be computed. One mill is 1/10 of one penny or 1/1000 of a dollar ( .001).
General and special assessments
Charged by taxing authorities for specific services of improvements such as paving streets, putting inside block, etc. An example would be school taxes and these taxes are normally text deductible.
Escheat
When someone dies without a will and no errors can be found, the property will go to the government.
Deed restrictions
Private restrictions that are imposed to maintain the desirable quality and character of a property. For example, the owner can place a restriction on the deed that his 50 acre plot of land can never be subdivided.
Covenants
Conditions, contingencies and restrictions. CC&R's are private arrangements that involve the use of land. For example we can start a new subdivision and control the type of home that can be built, the cost, square feet, height, etc.
Encumbrances
Anything that affects the title to real estate.
Lien
A charge that is placed on a property that offers security for a debt or an obligation due to the property owner. The lienholder is entitled to have the debt satisfied and can recover the debt through a court proceeding if necessary.
Specific Lein
We that affect one specific parcel.
Mortgage lien
A mortgage is a lien on the property and it is also an encumbrance.
Tax lien
This is also an encumbrance on the property. A real estate tax lien normally takes priority over all the liens.
Mechanics lien
Anyone who supplies labor or material on a project can get this lien if they are not paid, by swearing to the truthfulness of his claim.
Special assessment lien
This is a specific real estate tax lien for special improvements that affect specific properties.
General lien
An encumbrance that will affect all property both real and personal.
Priority of liens
Liens normally take priority based on time of recording in the public records. There is one exception- real estate tax liens jump above all other liens.
Lis pendens
Notice of a possible future lien -litigation pending-cases has not yet gone to court.
Non-possessory interests

License
A personal revocable privilege to enter the land of another for a specific purpose. It is said to be a nonpossessory interest with no rights. If, for example, you give someone permission to hunt on your land for two days, and you do not like the way the act on the first day, you can tell them not to come back the next day.
Non-possessory interests- Profit
"Profit a prendre", The right to enter the property of another by prior agreement to make a profit. For example if you sell your timber or mineral rights, the party that purchased those rights would have the right to come on the property for the timber or minerals.
Easement In Gross
A specific interest in the right to use a tract of land owned by someone else. Easements obtained by utilities such as electric, gas, telephone, and water companies would be easements in gross.
Servient tenement
The tract of land over which the easement runs. The easement goes with the land in the sale of the property.
Dominant tenement
The tract of land the benefits from the easement. The easement goes with the land in the sale of the property.
Appurtenant easement
An easement that is annexed to the ownership of one tract of land and allows this owner to make use of a neighbor's land. For this type of easement to exist there must be two adjoining tracts of land owned by two separate parties.
Creation by mutual agreement
An easement is typically formed by written agreement between the involved individuals that the easement right creates. An easement can also be created by longtime usage, or by the grantor in a deed of conveyance.
Easement by necessity
By law a person has the right of ingress (to go in) and the right of egress (to exit). In other words they cannot be landlocked.
Easement by implication
This easement would exist when an owner sells part of his or her land to someone else and retains title to the remainder but did not express an easement, with the only means of access to the sold portion being across the retained portion.
Easement by prescription
Can be obtained when someone has made use of another's land for a definite period of time defined by state law. In South Carolina the prescriptive period is 10 years. To obtain this type of easement certain conditions must've taken place:
-The use of the land by the claimant must have been continuous and exclusive.
-The land must have been used without the owner's consent.
-The use of the land must have been noticeable, and well-known so the owner would be aware of the use.
Easement by condemnation
If the government needed to create an easement for the benefit of the public, they could do it through condemnation proceedings.
Easement by dedication
If an individual so desired he or she could dedicate an easement to the government for public use.
Termination of easements
Ways that an easement can be terminated:

-By mutual agreement of the parties involved
-By merger of the two properties involved
-By expiration of the time period if one were given
-By abandonment of the easement
-By nonuse for the prescriptive period
-By excessive use
-If the purpose for which the easement was created no longer exists.
Encroachment
Occurs when you build a structure that illegally extends beyond your land. If you build part of your house on someone else's property, even if only the eaves of the house were over the property line, it would be an encroachment.