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It's not severed. Still part of the real property and owned fee simple, but subject to use restrictions.
by ghouse 2y ago
It's not severed. Still part of the real property and owned fee simple, but subject to use restrictions.
- pfdietz 2y agoYou did not understand what I wrote. I didn't say the eight foot slice was severed, I said control of the right to build on it was severed. That right is an abstract thing, but it has value, and the value is now not owned by anyone.
- zdragnar 2y agoControl over the right remains with the covenant. The city could end it if they so choose.