Government Limitations On Title Flashcards

1
Q

Eminent Domain

A

is the right of federal, state and local governments to assume ownership of private property for a necessary public use, with just compensation paid to the owner.

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2
Q

Police Power

A

is a right of 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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3
Q

Taxation

A

state and local governments’ right to tax property to raise general revenue.

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4
Q

Escheat

A

power that the state government retains over the title of real property owners to obtain title to property when an individual dies intestate (leaving no will) and leaves no known heirs, or when property is abandoned

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