Ch 2 Section 2 Government Limitations on Title Flashcards

1
Q

Under the allodial system of ownership the government has 4 powers that limit the rights of real property owners

A
  • Eminent Domain
  • Police power of government
  • The power to tax real estate
  • The power of escheat
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2
Q

Eminent Domain

A

right to federal, sate, & local governments to assume ownership of private property for necessary public use with just compensation paid to the owner

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3
Q

Condemnation

A

is the legal proceeding by which the government obtain ownership of private property

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4
Q

Police Power

A

right to government to adopt and enforce laws, ordinances, codes, and regulations to PROTECT, promote, and support the order, health, safety, morals and general welfare of the PUBLIC

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5
Q

Taxation

A

derives from state and local governments right to tax property to raise general revenue

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6
Q

Escheat

A

the power that the state government retains over the title of real property

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