The Superfund Amendments and Reauthorization Act (SARA) created an “innocent landowner” immunity status under which a landowner in the chain of ownership who was completely innocent of all wrongdoing in certain cases should NOT be held liable.
What land use term refers to uses that are automatically allowed by the zoning code?
Define “ as of right zoning .” This term refers to those uses that are automatically allowed by the zoning code. They are allowed “as a matter of right.” What do deed restrictions do? Deed restrictions place limits on how the property may be used.
What doctrine states that if a property owner is lax in protecting his or her rights the property owner may lose those rights?
What is the Doctrine of Laches ? This doctrine states that if a property owner is lax in protecting his or her rights, the property owner may lose those rights.
What component describes a freehold estate existing for a lifetime?
What component describes a freehold estate existing for a lifetime? 1. a life tenancy .
When did public land use controls become legally reliable?
When did public land use controls become legally reliable? 1926 .
What dictates minimum and maximum pressure for plumbing fixtures?
What dictates the minimum and maximum pressures allowed for plumbing fixtures? the footing .
Which of the following situations is most likely to represent an illegal nonconforming use?
| Question Answer | Which of the following situations is most likely to represent an illegal nonconforming use? A homeowner in a residential zone converts her residence to offices . | Who is usually responsible for site plans, subdivision plans, building permits, and ruling on zoning issues? The planning commission |
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What are three valid examples of a private land use control?
There are several types of land-use regulations, including subdivision regulations, zoning, building codes, housing codes , curve-cut permit systems, historic preservation laws, and tree cutting laws.
What is the most common land use control?
All real estate in the United States is regulated through land use regulations and zoning laws . Zoning is the most common form of land-use regulation and is used by cities and municipalities to control and direct the development of real estate within their borders.
Which aspect of depreciation is almost always incurable?
| Question Answer | Which aspect of depreciation is almost always incurable? Economic obsolescence | A CMA is performed when: Pricing property. | Which of the following is an example of economic obsolescence? A house abutting a closed factory. | Functional obsolescence is due to: Poor design or floor plan. |
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Does joint tenancy mean equal ownership?
Joint tenancy is a co-ownership arrangement that provides all parties with equal interest in and responsibility for the real estate purchased.
What are the two types of life estates?
The two types of life estates are the conventional and the legal life estate . the grantee, the life tenant. Following the termination of the estate, rights pass to a remainderman or revert to the previous owner.
Does a remainderman own the property?
The life tenant is the owner of the property until they die. However, the remainderman also has an ownership interest in the property while the life tenant is alive . They have an interest in ensuring that the life tenant does not damage the property, diminish its value, encumber it, or attempt to sell it.
What states have no zoning laws?
Texas, sometimes cited as the state without zoning, comes in at 18th. The least free state is New Jersey , with Maryland at 49th, followed by California, New York, and Hawaii. This result — states with some of the most expensive cities being the most regulated — is unsurprising.
What is the greatest power the government has to affect the value of real property?
Eminent Domain is the right of the government to take private property. This can be used for public institutions such as schools, public utilities, highway construction, railroads and more.
How could poor zoning laws affect a community?
The costs of the regulations may reduce the supply of homes , driving up the cost of existing homes that are on the market. Those who can afford to buy will pay a higher cost. Others who can’t will do without and continue to rent or even become homeless.
