Environmental
Kentucky's abandoned coal mine lands present real estate concerns because of:
AIncreased mineral rights values
BPotential for subsidence, acid mine drainage, and ground instability✓ Correct
CAutomatic government purchase of adjacent properties
DEnhanced property values due to history
Explanation
Abandoned coal mines in eastern Kentucky can cause ground subsidence, acid mine drainage contaminating water supplies, and general ground instability, all of which are material facts in real estate transactions.
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Key Terms to Know
Abstract of Title
A condensed history of a property's title, summarizing all recorded documents and encumbrances affecting it from the earliest record to the present.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
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