Property Ownership
In Illinois, what are 'riparian rights' and how do they affect property ownership along waterways?
AThe right to use property for agriculture near rivers; a federal water rights doctrine
BRights of property owners adjacent to natural waterways to use and enjoy the water, subject to reasonable use by other riparian owners✓ Correct
CRights of the state to control all navigable waterways in Illinois
DRights allowing property owners to dam and divert water from rivers for irrigation
Explanation
Riparian rights are the rights of landowners whose property borders a natural waterway. In Illinois (a riparian rights state), these owners have the right to use the water adjacent to their property, including fishing, swimming, and access to the water's edge.
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Key Terms to Know
Net Operating Income (NOI)
The annual income generated by an income-producing property after subtracting operating expenses, but before debt service.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
Math Concepts
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