What are some limitations on private property ownership commonly referred to as?

The term commonly used to refer to limitations on private property ownership is "Private limitations of PETE." PETE stands for Police Power, Eminent Domain, Taxation, and Escheat, which are the four primary means by which a government can impose restrictions on property ownership. This term succinctly captures the nature of governmental authority and its impact on private property rights.

For instance, police power refers to the government's ability to regulate behavior and enforce order within a territory to ensure the health, safety, and welfare of the public. Eminent domain allows the government to take private property for public use, with compensation to the owner. Taxation can impose financial obligations on property owners, and escheat refers to the process by which the state assumes ownership of property when an owner dies without heirs.

Recognizing these factors as "private limitations of PETE" emphasizes their intrinsic connection to the rights and responsibilities that come with property ownership. Understanding this concept is crucial in the field of property law, as it illustrates the balance between individual ownership rights and the powers of government.