Government rights in land (PETE) Flashcards

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1
Q

How many rights does the government have on our land?

A

Four

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2
Q

What is the acronym for the four rights the government has on our land?

A

PETE

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3
Q

What does PETE stand for?

A

Police power
Eminent domain
Taxation
Escheat

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4
Q

What is police power?

PETE

A

The right (of the government) to regulate and control the way land is used.

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5
Q

What are some examples of police power?

A

i.e. zoning, wetlands legislation, environmental protection legislation, health & fire codes, etc.

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6
Q

What is eminent domain? What is this called when they exercise this right?

A

Right of the government to take private land for public use. It is called condemnation.

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7
Q

Is the owner compensated for their land if it’s been condemned by the government? Can they challenge the compensation? How?

A

Yes & yes by going to court.

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8
Q

What is taxation?

A

The government’s right to tax real property.

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9
Q

The greater the value of land, the higher the _____.

A

Taxes. (ad valorem = according to value)

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10
Q

What is escheat?

A

The government will take the title if a person dies without a will (and without heirs) or if a property is abandoned.

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