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When, for instance, a property is rezoned for higher-value uses, or nearby public improvements raise the value of a piece of private land, a property owner is "bettered" due to the actions of others. Because of this, capturing the value of betterment for the public through taxation or other means is a common policy approach.
In English common law, real property, real estate, immovable property or, solely in the US and Canada, realty, refers to parcels of land and any associated structures which are the property of a person. For a structure (also called an improvement or fixture) to be considered part of the real property, it must be integrated with or affixed to ...
The highest and best use of a property must be financially feasible: the proposed use of a property must generate adequate revenue to justify the costs of construction plus a profit for the developer. In the case of an improved property, with obvious remaining economic life, the question of financial feasibility is somewhat irrelevant.
Real estate development – Process that creates or renovates new or existing spaces; Subdivision (land) – Divided piece of land; Subsurface drainage – A system by which water is drained on; Sustainable agriculture – Farming approach that balances environmental, economic and social factors in the long term
Gunnison is a home rule municipality that is the county seat and the most populous municipality of Gunnison County, Colorado. [1] [6] The city population was 6,560 at the 2020 United States Census. [3] The city was named in honor of John W. Gunnison, a United States Army officer who surveyed for a transcontinental railroad in 1853. [7]
Gunnison County is a county located in the U.S. state of Colorado. As of the 2020 census, the population was 16,918. [1] The county seat is Gunnison. [2] The county was named for John W. Gunnison, a United States Army officer and captain in the Army Topographical Engineers, who surveyed for the transcontinental railroad in 1853.
A bargain and sale deed is especially used by local governments, fiduciaries such as executors, and in foreclosure sales by sheriffs and referees. [ citation needed ] The fact that it comes without any warranties from the government means that the new owner may not have a good title.
A property abstract is a summary of the legal documents that chronicle transactions associated with a particular parcel of land. Generally included are references to deeds , mortgages , wills , probate records, court litigations , and tax sales —basically, any legal document that affects the property.