National Exam- Real Property Characteristics, Legal Descriptions,

National Exam- Real Property Characteristics, Legal Descriptions, and Property Use Flashcards what are CC&R'scovenants, conditions, and restrictions what is incentive zoningA system by which developers receive zoning incentives on the condition that specific physical, social, or cultural benefits are provided to the community.what is takinggovernmental appropriation of property what are 4 economic characteristics of real propertyscarcityimprovementspermanencelocation what is the sunshine act (open meeting law) meetings of zoning and planning boards must be open to the public what is a fixtureAn item of personal property that has been converted to real property what is right of wayprivilege of having immediate use of a certain part of a persons property what is aesthetic zoningway to ensure visual and architectural consistency of an area what is eminent domainIt is the government taking private property for public good.what is spot zoninga change in the zoning ordinance for a particular areathis is illegal in some states what are boundsphysical features that define boundaries of the property what is bulk zoningregulates the density of a given area by requiring certain building height limitations what is nonconforming useThis exists when a zoning code is changed, but a parcel of land that is already being used for something disallowed by the new zoning code is "grandfathered in" (is allowed to continue).*For example, if a neigborhood zoning is changed to residential, a corner grocery store may be allowed to continue to operate. The PNU will generally end when the use of the land is changed (so if the grocery store closes, the new zoning code will bar a new store from moving in).what is moratorium usetemporarily halts new property development what is a licensepermission to do something on another's land without actually possessing any interest or ownership in the land what is considered landthe earths surface extending down towards the center of the earth and upward to infinity, including permanently attached natural objects what is real estate consideredland plus all things permanently attached to it naturally or artificially what are metesdirection and distance of a line forming the property's boundary

what is easement by necessitycan only be created for the purpose of ingress or egress what are 3 physical characteristics of real propertyimmobilityindestructibilityuniqueness what uses compass headings and directions metes and bounds Jacob is a developer who purchased 78 acres and had it subdivided into half-acre lots. He decided to install sewer and underground electric for the entire subdivision, because he thinks that he will easily recoup his initial infrastructure investment. This is an example of which economic characteristic of real property?permeance what is real property consideredreal estate plus all the interest, benefits, and rights included with real estate ownership what is downzoningA rezone to allow a lesser intensity development What is easement appurtenant?When an owner of one piece of land is given an easement over an adjacent piece of land.what is a lot and block systembegins with a reference to either metes and bounds or RGSS, then divides the land into lots with numerical descriptions of each parcel what is easement in grossgranted to a specific individual or biz rather than attached to the property itself what is taxationTaxes to support public services what is variancedocument issued by your regulatory authority that allows a regulatory requirement to be waived or changed what is an encroachmentunauthorized use of another's property what is density zoningrefers to a number per unit of measure what is special use permitAllows conditional or special uses, subject to conditions designed to protect surrounding properties and the community.what is annexationprocess of converting personal property to real estate how are HOA regulations typically set up as a covenant what is an easementthe right to use land for a specific and limited purpose what is condemnation actionprocess of taking title and physical possession of private property using the government's power of eminent domain what is inverse condemnationgovernment taking private property and failing to compensate the owner what are improvementsArtificial Attachments includes such things as buildings, fences, driveways, pipelines, swimming pools, and even mobile homes if they are attached to the land.what is easement by prescriptionCreated by open and notorious, hostile, and adverse use of another person's land for a specific time as indicated by state law.what is a rectangular government survey system divides land into townships; about a 36 mile square what is the process of severancereal property becoming personal property what are the 3 primary types of legal descriptionsmetes and boundslot and blockrectangular government survey system

who has the power of zoningpolice what is escheatProperty to government when there are no heirs what are the 5 basic tests to determine what kind of property something is method of annexationadaptability for userelationship of the partiesintention on placingagreement of parties