Blog Assignment Two

Task One:

Private Restrictions on real estate are restrictions placed on the ownership interests limiting the usage of land. These restrictions are placed on the property by an individual or developer and can be referred to as encumbrances. Encumbrances are restrictions and limitations on the free simple ownership rights that run with private and public land and can include the following: liens, easements, encroachments, profit a prende, covenants, conditions, restrictions, or adverse possession. 

An example of a private restriction can be found here. A man "moved in" to a multi-million dollar home in Florida by paying nothing. The man did this by squatting after the original homeowner had to move out for not making his payments. The squatter actually posted a "No Trespassing" sign and the neighbors were not happy about it one bit.

Task Two: 

Public Restrictions on real estate are restrictions are similar to private restrictions other than the fact that they are, in fact, public. Some examples of public restrictions include the following: police powers, escheat, eminent domain, and taxation. 

An example of a public restriction can be found here. Some of the residents in a town in Pennsylvania are not happy with the affects of eminent domain in regards to an oil and gas company that has come to town. Spectra Energy, a Texas based company, has caused quite an uproar in the small town. Several of the residents have even blamed the oil company for health issues but have made the decision to sell their land to them because they had no other choice.