- covenants, conditions, and restrictions (CC&Rs)- limit the way an owner can use the property.
- liens- a claim on a property as either a security for a debt or fulfillment of some monetary charge or obligation.
- easements- a right given to one party by the owner to use the land in a specific manner.
- profit a prendre- a nonpossessory interest in real property that permits the holder to remove part of the soil or produce of the land.
- adverse possession- allows individuals to acquire title to land they do not own because they have openly possessed it for a statutory period of time, usually 7 to 20 years.
- encroachments- an unauthorized invasion of intrusion of a fixture, a building, or other improvement onto another person's property.
The Following link will take you to a lien dispute between B of A and 28 Nevada homeowner associations and their collection agencies for hitting homeowners and buyers of foreclosed homes with inflated bills for past-due assessments and collection costs.
Lien Dispute
Public Restrictions on Real Estate arise from governments' powers of:
- taxation- the government levies both property and income taxes.
- eminent domain- a government can acquire property for a public use, even if the owner doesn't want to sell, as long as the owner receives just compensation.
- police power- governments have the power of regulation, which gives them the ability to protect the public health, safety, morals, and general welfare.
- escheat- if the landowner dies without leaving either a valid will or living relatives, the state government becomes the new owner of the property.
Eminent Domain Dispute
Floyd, Charles F. "Chapter 3 and 4." Cram101 Textbook Outlines to Accompany Real Estate Principles, Floyd, Allen, 10th Edition. [United States]: Academic Internet, 2011. 49-95. Print.
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