Shared Flashcard Set

Details

RE 15
RE Final
18
Real Estate & Planning
Professional
11/16/2011

Additional Real Estate & Planning Flashcards

 


 

Cards

Term
Restrictive Covenant
Definition
Restriction on land use that applies to a home, a group of homes, or an unimproved lot
Term
Covenants, Conditions and Restrictions (CC&R)
Definition
Restrictions on land use for common interest developments such as condos, townhouses, duplexes, and subdivisions
Term
Injunction
Definition
Court order requiring a person to refrain from doing something
Term
Eminent Domain
Definition
Government power that allows seizure of private land for public use
Term
Zoning
Definition
Government scheme to segregate properties for different uses -- ex. residential, commercial, industrial, and agricultural
Term
Variance
Definition
Permitted exception to a zoning scheme
Term
Judicial Review
Definition
Court review of a contested decision
Term
Conditional Use Permit
Definition
Allow different land uses to coexist in the same geographical area without the cumbersome rezoning process
Term
Amendment/Rezoning
Definition
Occurs when an ordinance has become inconsistant with the applicable general plan
Term
Exclusionary Zoning
Definition
Scheme that prohibits a certain use throughout a jurisdiction or geographical parcel
Term
Floating Zones
Definition
Geographical areas that aren't fixed until a property owner applies to undertake some specific use
Term
Pre-zoning
Definition
Establish a scheme for undeveloped areas where growth is projected
Term
Declaratory Relief
Definition
Lawsuit requesting a judicial decree ordering a party to cure the breach
Term
Standing
Definition
Party who has the right to sue
Term
Doctrine of Laches
Definition
Failing to assert an enforceable legal right over time and sits idly by
Term
Doctrine of Changed Conditions
Definition
When the purpose of the covenant is no longer pertinent as a result of a change in the character of a neighborhood, the owners may recognize the covenants should no longer apply
Term
Covenant by Deed
Definition
Conveyed by a grantor to ensure that a grantee will only utilize the transferred property subject to certain restrictions
Term
Covenant by Contract
Definition
Agreement between 2 or more people by which a party makes a promise not to/to do an act related to the property
Supporting users have an ad free experience!