Ch19-SG - LandUse ControlandRealProperty WHATTHIS...

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Chapter 19: Land-Use Control and Real Property W HAT   THIS  C HAPTER  I S  A BOUT This chapter  covers ownership  rights in real property, including  the nature  of those rights and  their trans fer.  The chapter  also  outlines  the  right  of the  government  to take  private  land  for public use, zoning  laws, and  other   restrictions on ownership. C HAPTER  O UTLINE I. THE NATURE OF REAL PROPERTY Real property  consists of land  and  the buildings, plants, and  trees on it. It is immovable. A. L AND Land  includes  the soil on the surface of the earth, natural  products  or artificial structures  attached  to it,  the water on or under  it, and  the air space above. B. A IR   AND  S UBSURFACE  R IGHTS Limitations  on air rights or subsurface rights normally  must  be indicated  on the document  transferring   title at the time of purchase. 1. Air Rights Flights over private land  do not normally violate the owners’ rights. 2. Subsurface Rights  Ownership  of the surface can be separated  from ownership  of the subsurface. In excavating, if a sub- surface owner causes the land  to subside, he or she may be liable to the owner of the surface. C. P LANT  L IFE   AND  V EGETATION A sale of land  with growing  crops on it includes the crops, unless otherwise agreed. When crops are sold   separately, they are personal property  governed  by the Uniform  Commercial Code. D. F IXTURES Personal  property  so closely associated  with  certain  real property  that  it is viewed  as part  of it (such as  plumbing  in a building). Fixtures are included  in a sale of land  unless a contract provides otherwise. II. OWNERSHIP OF REAL PROPERTY A. O WNERSHIP   IN  F EE  S IMPLE An owner in fee simple absolute has the most rights possible—he or she can give the property  away, sell  it, transfer  it by will, use  it for almost  any  purpose,  and  possess  it to the  exclusion  of all the  world— potentially forever. B. L IFE  E STATE Lasts for the  life of a specified  individual  (“to  A for his life”). A life tenant  can  use  the  land  (but  not  commit waste), or mortgage or lease the life estate (but for no longer than  the life estate). C. N ONPOSSESSORY  I NTERESTS 151
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152 UNIT 5: THE REGULATORY ENVIRONMENT Easement : the  right  of a person  to make  limited  use  of another  person’s land  without  taking  anything  from  the  property.   Profit : the  right  to go onto  another’s land  and  take  away  a part  or product  of the  land.  License : the revocable right of a person  to come onto another person’s land.
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CHAPTER 19: LAND-USE CONTROL AND REAL PROPERTY
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Ch19-SG - LandUse ControlandRealProperty WHATTHIS...

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