BLOG ASSIGNMENT #2 Task #3:

Public Restrictions on Real Estate

Public restrictions on real estate arise from governments’ powers. Public restrictions include taxation, eminent domain, police power, and escheat. Taxations is the government levies both property and income taxes. Eminent domain is a government can acquire property for a public use, even if the owner does not want to sell, as long as the owner receives just compensation. Police power is governments’ power of regulation, which gives them the ability to protect the public health, safety morals, and general welfare.

Provide one real life example from an article or video of a dispute or news event related to a “Public Restriction on Real Estate”

http://www.clickorlando.com/news/orlando-church-hires-top-law-firm-in-stadium-dispute/26450784

                                                            

BLOG ASSIGNMENT #2 Task #2:

Private Restrictions on Real Estate

A number of restrictions on land are a result of actions by government units. Many restrictions, however, are created by land developers. Such devices take several forms of can be either positive or negative in nature. They include covenants, conditions, restrictions, liens, easements, profit a prendre, adverse possession, and encroachments.

Provide one real life example from an article or video of a dispute or news event related to a “Private Restriction on Real Estate”

http://www.bizjournals.com/charlotte/blog/real_estate/2014/06/easement-agreement-at-center-of-ballantyne-village.html?page=all

BLOG ASSIGNMENT #2 Task #1:

Real Estate

Real estate is the physical land and appurtenances (all improvements or buildings) affixed to the land. Real estate is immobile, tangible, and natural part of land. Simply, real estate is any attachments above and below ground (fixture).

Real Property

Real property includes all interests, benefits, and rights inherent in the ownership of physical real estate. Real property is called “Bundle of Rights” due to the fact that there are multiple “rights” associated with each piece of property: right to use, sell, lease, enter, give away, etc…

Provide one real life example from an article or video of a dispute or news event related to a property rights. 

http://www.bizjournals.com/sacramento/news/2014/10/24/dispute-over-state-owned-buildings-heads-to-trial.html