CHAPTER TWO: EMINENT DOMAIN, CONDEMNATION AND ESCHEAT

Question 1

PETE

___ ____- The right of the State to enact laws and enforce them for the order, safety, health, morals and general welfare of the public. Police power tells you how to use your property.

• zoning laws / building codes
• city planning laws
• no compensation to the owner

Answer 1

Police Power

Question 2

PETE

___ ____- The right of the government to acquire property for necessary public or quasi-public use by condition; the owner must be fairly compensated. They can take your private land. Property owner will receive “just compensation”. - means the fair market value.

Answer 2

Eminent Domain -( make a new highway)

aka appropriation

Question 3

PETE
THIS IS PART OF EMINENT DOMAIN

____- The act of taking private property for public use by a political subdivision upon payment to owner of just compensation. OR IF THE GOVERNEMNT TAKES HALF OF THEIR PROPERTY, THEY GET “SEVERANCE COMPENSATION”

Answer 3

Condemnation

Question 4

PETE

____- Enforced charge extracted of personal, corporations and organizations by the government to be used to support government services and programs.

Answer 4

Taxation

Question 5

Mortgage company or lender can include __th of the estimated annual property tax bill with each month’s rent mortgage payment.

Answer 5

1/12 held in escrow for semi-annual or annual payment.

Question 6

PETE

____- The reverting of property to the State when heirs capable of inheriting are lacking.

Answer 6

Escheat

Question 7

Someone who died without a will is said to have died ____

dying with a will is ___

Answer 7

intestate

testate