We have detected that Javascript is not enabled in your browser. The dynamic nature of our site means that Javascript must be enabled to function properly. Please read our terms and conditions for more information.

Next up

Nature of Property

Description

Professional 127.241 Mind Map on Nature of Property, created by Eve Prouse on 26/05/2015.

Mind Map by Eve Prouse, updated more than 1 year ago

	Created by Eve Prouse almost 9 years ago

19

0

Resource summary

Nature of Property

Physical Characteristics
1. 1. Land
  1. Shape, size, topography, views, exposure to sunlight, winds
  2. Soil richness & load bearing capacity
  3. Value depends on:
    1. Cost making land productive
    2. Profitability for intended use
    3. Cost of purchase in comparison
2. 2. Improvements
  1. 'to' & 'on' land --> value
  2. Controls & conformity
  3. Improvements should max. value
Institutional Characterics
1. Legal Rights
2. Constraints & controls e.g. RMA
Economic Characteristics
1. Immobile/fixed
2. Services' limited to geographic area
3. Thin trading makes trends hard to spot
4. Heterogeneous
5. Large deposit
6. Durability (permanence)
7. Scarcity
8. Uproductive alone
9. Value is residual

Show full summary Hide full summary

Want to create your own Mind Maps for free with GoConqr? Learn more.

Similar

Contract Law

sherhui94

How Parliament Makes Laws

harryloftus505

A-Level Law: Theft

amyclare96

AQA AS LAW, Unit 1, Section A, Parliamentary Law Making 1/3

Nerdbot98

The Criminal Courts

thornamelia

Law Commission 1965

ria rachel

A2 Law: Cases - Defence of Insanity

Jessica 'JessieB

A2 Law: Special Study - Robbery

Jessica 'JessieB

Omissions

ameliathorn0325

AS Law Jury Case Quiz

Fionnghuala Malone

Chapter 4

Ryan Fryer