16:06
im ready to cook senior year and then hopefully move to Malibu :)
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Simple English definitions for legal terms
local improvement
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A quick definition of local improvement:
Local Improvement: A type of improvement made to real property, such as a sidewalk or sewer, that is financed by a special assessment and benefits adjacent property. It is different from a public improvement, which is made to property owned by the state or other political entity, and a valuable improvement, which adds permanent value to the property. Local improvements are necessary to prevent the deterioration of property and enhance its value or utility.
A more thorough explanation:
Definition: A real-property improvement, such as a sewer or sidewalk, financed by special assessment, and specially benefiting adjacent property.
Examples:
- Building a new sidewalk in front of a row of houses and charging the homeowners for the cost of the construction.
- Installing a new sewer system in a neighborhood and assessing the property owners for a portion of the cost based on the amount of benefit their property receives.
These examples illustrate how a local improvement is a specific type of improvement that is funded by a special assessment on the property owners who will benefit from the improvement. The improvement is typically something that is shared by the adjacent properties, such as a sidewalk or sewer system, and the cost is divided among the property owners based on the amount of benefit their property receives.