Government Limitations On Title Flashcards
The system that real property ownership is free and full ownership rights in land by INDIVIDUALS
Allodial System
All land is owned by a king or sovereign
Feudal System
What are the 4 powers that the government uses to limit the rights of real property owners
- Eminent Domain
- Police power of government
- Power to tax real estate
- Power of Escheat
The rate of federal, state and local governments to assume ownership of private property for a necessary public use, just compensation pay to the owner
Eminent domain
The legal proceeding by which the government obtains ownership of private property
Condemnation
The right of government to adopt and enforce laws, ordinances, Codes, and regulations to protect, promote, and support the order, health, safety, morals, in general welfare of the public
Police power
This derives from state and local governments right to tax property to raise general revenue
Taxation
The government’s power to prevent a property becoming ownerless (in the event that the owner dies and does not have a will or relatives)
Escheat
What are the most common types of liens
- Mortgage lien
- Mechanic lien
- Judgement lien
What kind of encumbrances affect the property physically
- Deed restrictions
- Encroachments
- Easements
Private agreements contained in a deed, lease, or will restrictions the use and occupancy of real property
Deed restrictions
Unauthorized infringement on a property owners rights as a result of a physical intrusion (overlapping tree branches from a neighbors yard)
Encroachments
The legal right to enter upon another’s property (an actual interest in land)
Easements