Book Title
10th Edition
ISBN: 9781337605656
Author: CROSS
Publisher: CENGAGE L
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Chapter 26, Problem 2BS
Summary Introduction
Case summary :The county intends to rezone the area from industrial to residential use. The area which will be effected is largely undeveloped. The country expected that the market value of the land will fall by 50
To find: The right to sue the authority for the claim of compensation by landowners.
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Students have asked these similar questions
The City of Dover needs land owned by the Smith family to expand Route 13/North
DuPont Highway. The Smith family does not want to sell.
Discuss what course of action the city can take and the legal and constitutional
basis for this action.
What, if anything, can the Smith family do in response?
A 12-unit apartment building in Newton, Massachusetts was acquired for $8,000,000 with a 70% LTV purchase money mortgage at a 5.25% annual interest rate fully amortizing over 30 years. The new owner substantially improved the building, renovating the exterior and interior. She also implemented several environmentally friendly cost-saving measures, including the installation of solar panels on the roof, that saved energy and reduced operating expenses. After two years, these upgrades and improvements led to a substantial increase in the property’s NOI to $580,000 from a net operating income of $500,000 at the time of the acquisition. What was the acquisition cap rate?
a.7.25%
b.5.25%
c.6.25%
d. 8.25%
Compare an easement appurtenant and an
easement in gross.
Identify the choice that lists a correct, unique
characteristic.
An easement in gross applies to both the land
and the owner.
An easement in gross involves at least three
pieces of property.
An easement appurtenant applies to the land
regardless of the owner.
An easement appurtenant involves at least three
pieces of property.
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