Unit 2: Land Use Controls and Regulations Flashcards
Tax according to value is called ______
Ad Valorem
______ attempts to avoid property from becoming deserted or ownerless.
Escheat
A(n) ______ Allows an individual to deviate from the zoning requirement due to some adversity or suffering brought about under current laws.
Variance
Commercial or residential land rezoned for conservation purposes or changed from dense to less-dense usage is called ______
Downzoning
The right of a government to take private property for public use upon payment of just compensation is called ______
Eminent Domain
______ is the appraisal of value for tax purposes by an assessor or an appraiser representing the municipality in which the property is located.
Assessment
A building or an improvement is deemed _______ when it does not follow current zoning laws in an area because its use was in existence prior to the passage of a zoning ordinance and allowed to continue.
Nonconforming Use
An odorless radioactive gas produced by the decay of other radioactive materials in rocks under the earth’s surface is known as _______
Radon
______ is a form of private restriction that is written into deeds or leases that limits the use of the property.
Deed Restriction
______ is the reclassification of one parcel of land for a use that does not conform to the zoning of the rest of the area.
Spot Zoning
John dies with no heirs and no will. His property will go to the state according to the law of ______
Escheat
Name 3 rights that the government has in land
Property Taxation, Escheat, and Eminent Domain
A developer purchased a parcel of land with the intent of building a high rise. The government rezoned the property for recreational use only. This is known as _______
Downzoning
If a property was built before 1978, What is a Real Estate agent required to do?
Distribute a Lead Hazard Pamphlet to all potential buyers
Under the Law, when a previous owner is liable for hazardous waste this is known as ________
Retroactive Liability