Part 6 Flashcards
The 4 Government Controls on Ownership are:
P
E
T
E
Police power
Eminent domain
Taxation
Escheat
6-85
The right of government to raise revenue through assessments on valuable goods, products and rights is the definition of:
Taxation
6-85
A _______ ________ is an assessment against real property levied by a public authority to pay for public improvements is:
Aka betterment tax
Special assessment
The right of government to take private property for public use upon the payment of just compensation is the definition of
Eminent domain
6-87
The acquisition process in eminent domain is called ____________
Condemnation
6-87
___________ power is the inherent power of government to regulate property in order to protect public, safety and general welfare
Police
6-88
The public regulation of the use of private land through application of police power is the definition of __________
Zoning
6-90
Open spaces, landscaped areas, fences, walls, berms or any combination used to physically separate or screen one use or property from another is a…
Buffer strip
6-91
An exception to the general zoning regulations; permits specific, usually small parcels of land to be zoned for a use that is not permitted in the surrounding area is
Spot zoning
6-91
A legally authorized modification in the use of property at a particular location that does not conform to the regulated use set forth in the zoning ordinance for the surrounding area; not an exception or change in the legally applicable zoning
Zoning variance
6-91
Legally _______________ is a use that was lawfully established and maintained, but no longer conforms to the use regulations of its current zoning; aka grandfathered use
Nonconforming
6-91
______________ is the right of the government that gives the state titular ownership of a property when an owner dies without a will or any ascertainable heirs
Escheat
6-92
_______________ is the condition of dying with a valid will
_______________ is the condition of dying without leaving a valid will
Testate
Intestate
6-92
____________ are financial encumbrances and a charge against a property in which the property is the security for payment of the debt
Liens
6-94
_________ liens typically result from a lawsuit in which a monetary judgment is awarded and considered a general lien. The party that won the suit and was awarded the judgment is a judgment creditor. The loser is a judgment debtor
Judgment
6-96
