rights

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Flashcards based on real estate concepts.

rights

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5 Terms

1
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Police Power

The government's right to make laws and regulations for the general welfare.

2
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Eminent Domain

The city's right to take private land for public use, such as extending rapid transit services.

3
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Private Landowner Rights

The right of a private landowner to refuse to sell property but not prevent the city from taking it for public use through eminent domain.

4
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Recorded Lien

To be effective, a lien should be officially documented.

5
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Bundle of Rights

The comprehensive set of rights associated with private ownership.