Exam 18: Real Property And Land Use

The legal basis for land-use planning and regulation is the __________-that is,the inherent authority of a city or county to protect the health,safety,and welfare of its residents.

In a(n)__________,the potential buyer pays the seller for the right,but not the obligation,to purchase the property during a given time period.

A __________ gives a person the right to negotiate the purchase of the property before the seller enters negotiations with another party.

A right of first refusal is the right,conferred by a written contract,to:

A city can require that __________ uses be eliminated within a reasonable time or when an application for a building permit to modify the premises is submitted.

Real estate law has its roots in both English common law and Spanish civil law.

A variance allows a landowner to construct something ordinarily not permitted under existing zoning regulations.

Title companies often hold purchase money in __________,meaning in a special account,until the conditions for the sale have all been met.

A majority of states impose on commercial builders of houses a(n):

The Americans with Disabilities Act places requirements on employers regarding accommodating the disabled but does not address accessibility to commercial facilities.

What is the purpose of a conditional-use permit?

The interest of __________ is assignable and inheritable without the consent of any other co-tenant.

An alternative to acquiring real property for cash is a(n)__________,whereby the seller exchanges its property for another piece of property.

A trust is a form of co-ownership of property.

In CASE 18.2 Koontz v.St.Johns River Water Management District (2013),plaintiff Koontz purchased 14.9 acres of undeveloped land classified as "wetlands." The State of Florida found Koontz's land-use permit proposal (which included land and cash)to develop the land inadequate and imposed more "conditions" to the permit.Koontz found these conditions were excessive under the Nollan and Dolan cases,and filed suit.The U.S.Supreme Court __________ the Florida Supreme Court,holding that the government's demand for property (and cash)for land under the __________ requirements amounted to a(n)__________ of Koontz's land.

A warranty of__________ is applied in a minority of jurisdictions and involves a warranty at the inception of a commercial lease that there are no latent defects in the premises that will prevent the premises from being used for its intended purpose and that the premises will remain in a suitable condition.

Under a race recording statute,the first person to receive a valid deed will be deemed the owner of the property.

A one-point charge will generate a fee of _____ on a loan of $10,000.

Which of the following references the power of government to acquire private property needed for a public use?

__________ is the division of a city into districts and the application of specific land-use regulations in each district.