Restrictions on ownership Flashcards
(6 cards)
1
Q
What is the acronym for the 3 government restrictions on ownership?
A
PET
2
Q
What does PET stand for?
A
P - police power
E - eminent domain
T - taxation
These are the government restrictions on ownership
3
Q
What is the acronym for private restrictions on ownership?
A
DELL
4
Q
What does DELL stand for?
A
D - deed restrictions
E - easements
L - leases
L - liens
These are the private restrictions on ownership
5
Q
Deed restrictions refer to a _____ ____ of land
A
single parcel
6
Q
Restrictive covenants concern _____ ____
A
entire subdivisions
