The laws of real estate depend completely on the state that you live in. The state that you reside in holds their own exclusive jurisdiction for all plots of land that are found within their state lines.
Why States Have Jurisdiction on Land
The reason for this is because when the laws were first introduced, many states offered different types of crops on their land. The propositions in the law were included to provide a clear view of the way each crop would be cultivated and distributed. While states today don’t have these same laws, they do still have control over how the land is owned.
The term, “specialty estate,” refers to holding property in condominiums, or condos, which first came into being in the 1960s. They have become a trendy choice for residential property since then. Laws that govern condos say that by owning one you agree to pay a fixed price, which results in owning a share of the property.
Eminent Domain and the Government
Incorporeal interest is a piece of property found on your land that you do not physically own. You may have the right to use that piece of land for whatever you want, such as a new garage or a place to plant a new garden.
However, you need to be aware of what eminent domain means when you purchase property. With eminent domain, the government has the legal right to seize land that is privately owned. This power falls under the Fifth Amendment, which states that private property can be taken by the state, provided the owner is given fair compensation.
Before you decide to purchase real estate in California, contact our Palm Springs land use and zoning attorney to help you understand the laws of the land.
