Developing their farms into a cluster of townhouses

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Reference no: EM131780406

Within the next month, you attend a social event and a family friend asks about your recent courses. You mention completing a real estate course and the friend begins to ask questions. "How can the utility company be considered the owner of an easement on my land when I own the land? "How can my cousin own the mineral rights when I own the land?" "How can the state of Vermont stop owners of rural land from developing their farms into a cluster of townhouses?" "How could my lender legally seize my land if I fall behind in my loan payments?" After a pause, the friend also asks "how do we keep track of all these different ownerships?" How would you briefly respond to these questions? For example, could you develop several sentences (a paragraph?) that would offer a collective answer for the first several questions? What concept underpins this collective answer? Could you also develop one or two additional sentences (another paragraph?) that would answer the last question?

Reference no: EM131780406

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