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1.31.08

1.31.08 - 1.31.08 What are rights o Claims that the...

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1.31.08 What are rights? o Claims that the government is obligated to enforce Derived from the Constitution Different from raw power o Non-revocable Can be reduced in the interest of health, safety, and welfare o Enduring Not limited to the memory of the owners and others Cannot be nullified by the government Real Property as a Bundle of Rights o What do we mean by rights? How high buildings can go, parking ($12-15k per space), etc o What are property rights? Tangible property, copyrights, etc. o What is real property? Raw land or improved property o What is personal property? Clothes, jewelry, cars, etc. o What do we do when the difference is unclear? E.g. retails store: bring in AC unit… once affixed to the property it becomes real property Personal Rights o Freedoms guaranteed by constitution o Supreme Court interpretations of the Constitutions Property Rights o Exclusive possession o Enjoyment of the use or benefit: Use, collect rents, harvest and retain the
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1.31.08 - 1.31.08 What are rights o Claims that the...

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