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Riparian water rights exist in many jurisdictions with a common law heritage, such as Canada, Australia, New Zealand, and states in the eastern United States. [ 1 ] Common land ownership can be organized into a partition unit , a corporation consisting of the landowners on the shore that formally owns the water area and determines its use.
A great pond in the United States is a pond or lake that is held in trust by the state for public use. Generally, any natural body of water that is larger than 10 acres (40,000 m 2) in size is considered public water. In certain New England states, this legal definition exists at both common law and statutory law.
Real Estate Investment Trusts divide up the bundle of rights in order to allow commercial investments in real property. These legal structures are becoming more common throughout the developed world. Squatting presents a non-economic way for people to transfer parts of the bundle of rights. Depending on the applicable laws, a squatter can ...
In the case of real estate, the legal instrument used to transfer title from one person or entity to another is via the deed. A famous rule is that a thief cannot convey good title, so title searches are routine (or highly recommended) for purchases of many types of expensive property (especially real estate).
The public trust doctrine also finds expression in the Great Pond law, a traditional right codified in case law and statutes in Massachusetts, Maine, and New Hampshire. [13] The state is said to own the land below the low water mark under great ponds (ponds over ten acres), and the public retains in effect an access easement over unimproved ...
Builders filled in the pond and built homes on the land without notifying the buyers. After exploring all the options, the town of Johnstown has been forced to buy back the four homes, demolish ...
Michigan has about 242 streams (rivers and creeks) with a combined length of 36,350 miles (58,500 km) and about 11,000 lakes and ponds. [1] Michigan borders four of the five Great Lakes and is a signatory to the Great Lakes Compact. [2] The Michigan Department of Environmental Quality is responsible for the management of Michigan's water ...
Each U.S. state has a recording act, a statute which dictates the legal procedure by which an individual claiming an interest in real property (real estate) formally establishes their claim to that property. The recordation of property rights becomes particularly significant where an unscrupulous dealer in land purports to sell the same tract ...