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”
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