REE-3043 Chapter 2: Chapter 2 QF
31 Jan 2017
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Rights: claims that the government is obligated to enforce from the constitution (non- revocable and enduring. Ownership estates: fee simple absolute, fee simple conditional, life estate with remainder interest. Leasehold interests: tenancy for years, periodic tenancy. Non-possessory interests in land: easement, lien, restrictive covenant. Automatic ownership from marriage: effective share, community property. Issues in rights to water: not very clear as to who owns what. Two forms of ownership for oil and gas: ownership in place, non-ownership/correlated rights. Key terms: lien assessment by local governments to ensure that those who receive the pri(cid:373)ary (cid:271)e(cid:374)efit of (cid:374)eigh(cid:271)orhood i(cid:373)pro(cid:448)e(cid:373)e(cid:374)ts (cid:449)ill (cid:271)e (cid:272)harged their (cid:862)fair- share(cid:863) Attach: to place a lien on a real property. Community development district (cdd) lien: a quasi-governmental unit with broad powers to finance, create, operate, and maintain infrastructure and related services within a private development or community. The cdd can impose taxes or assessments on the landowners, and can issue municipal, tax-exempt bonds.
