| A | B |
|---|
| Zoning | Regulates use of Property |
| Purpose of Zoning | Promote health and welfare of general public |
| Building Codes | Public laws regulating construction methods and materials |
| Purpose of Building Codes | Protect general publics health, safety, and welfare. |
| CERCLA | Comprehensive Environmental Response, Compensation and Liability Act |
| Passed 1980 | CERCLA a/k/a Superfund - Recover clean up costs |
| Eminent Domain | Govt. power taking private property for public use |
| Property owner is entitled to | fair market value of property Re: eminent domain |
| Ad Valorem Tax | Tax assessed based on value of real property |
| Millage Rate | .0112500/Dollar |
| Lien | Money debt attached to real property. |
| Income Tax Lien | Penaly for not paying taxes. |
| Judgment (lawsuit) | Attaches and encumbers real estate. |
| Judgment Lien | Lien on real property until paid or expires by passage of time. |
| Mechanics Lien | Secures payment for work performed. |
| Priority date of mechanics lien claim | First time work is performed or material furnished |
| Foreclosure suit or sale of real estate | Way to enforce a mechanics lien |
| Set forth a strict standard to file mechanics liens | Supreme Court |
| Easement | Specific right given to nonowner of real property |
| Restrictive Covenants | Restricts use of private property |
| Private restrictive covenants | Enhances landowners property value |
| Injunction or lawsuit for damages | Way to enforce Restrictive Covenants. |
| Environmental Protection Laws | Protects earth, water, and air |
| New York Theory | is between owner and general contractor |
| Pennsylvania Theory | does not limit amount of claims by subcontractor or material supplier |
| Private Encumbrances | Liens, mortgages, easements, and restrictive covenants. |
| Encumbrance | A claim, charge, liability on property that lowers the value. |
| Taking of Real Property | Entitles owner to $$$ |
| Government exercise of eminent domain | Must establish property needed for public use |
