Land Use Controls & Regulations

What are the laws affecting real estate?

1. Contract

2. General Property

3. Agency

4. Real Estate Licensing

5. Federal/State law

What are the Governmental Powers (PETE)

1. Police Power

2. Eminent Domain

3. Taxation

4. Escheat

What is the process called when the government uses eminent domain to acquire privately owned property?

Condemnation

When a person dies intestate and with no heirs, what is the process that the state acquires privately owned property?

Escheat

What is an assessment?

Real estate valued for the purpose of paying real estate taxes

What is a MIL

1/1000 of a dollar

What is a special assessment

A tax charged for funding public improvements in areas where the only ones who pay the tax are the ones who would benefit from it.

What are Zoning Ordinances?

The regulation and control of the use of land.

What is a conditional use permit (special use permit)?

Allows a non-conforming but related land use. Allows the use of a property that is different from its zoned use.

What is a Variance?

Prevents a property owner from hardship under circumstances, but they have to be able to demonstrate why it is necessary.

Who creates private controls?

CC&Rs (covenants, conditions, and restrictions) and homeowners associationg (HOA)

What is a building permit used for?

To prove the building of the structure will meet the requirements set forth by legislation.

What are occupancy permits used for?

Ensures the sturcture has been inspected for safety and complies with other building codes.