A PUD developer must record a subdivision plat and declarations containing covenants and restrictions, and provide for a non-profit community association to oversee the common areas. May also contain commercial and industrial properties, making them mixed use developments for purposes of zoning ordinances. Often designed to produce a high density of dwellings on small lots to maximize open spaces.
FREDDIE MAC REO VENDOR APPLICATION LICENSE
License attaches to the individual, doesn't have to be in writing, and is not an encumbrance on real property. License is a personal, non-assignable privilege granted by one person to another. Easements should not be confused with a license. Some easements may negatively affect property value. Parcel of land is bought with any easements attached to it. Routinely granted to utility companies, including gas, water, etc. If easement exists pursuant to agreement, it must be in writing because the statute of frauds requires conveyances of interest in land be in writingĮasements right may pertain to any part of the land, including subsurface and airspace. May be created by agreement, adverse or hostile use, or by condemnation proceedings. They do not create an ownership interest of any kind, but the right to use it. Easement is the legally enforceable right to use another's land for some particular purpose, for an ongoing period of time.
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