What is an example of government restrictions on property ownership?

Prepare for the New York City Assessor Exam. Study with multiple choice questions and in-depth explanations on each topic. Ace your exam with confidence!

Eminent domain is a government power that allows the state to take private property for public use, provided that the owner is compensated fairly. This is a prime example of government restrictions on property ownership because it supersedes an individual's rights to their property. Under eminent domain, the government can effectively limit how a property owner uses or retains their property if it is deemed necessary for public projects, such as building roads, schools, or utilities.

Other examples in the answer choices relate to specific arrangements or agreements rather than overarching government authority. Lease agreements are contracts between tenants and landlords, easements allow others to use a portion of a property in specific ways without transferring ownership, and homeowners associations are private entities that set rules for their members within a community. While these can impose certain restrictions, they do not represent the same level of governmental authority or public interest found in eminent domain.

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