III. Realization (Осмысление). Reading & Speaking. Land as a resource. What is land entitlement? Understanding Entitlement Process
III. Realization (Осмысление) Reading & Speaking 4. Read the following terms and phrases, mind their pronunciation:
5. Read the text and find answers to the following questions: 1. What is this text about? 2. What is land? 3. What is your own definition of land? (Ex. 1) 4. Is land subject to tax? Why do you think so? 5. Is the role of land essential in a country’s economy? 6. Why do most people buy land? 7. What does it mean “to develop land”? 8. What should you do before starting building construction? 9. How do you understand the term “land entitlement? 10. When do physical or legal persons conclude an agreement with governing municipalities? 6. Read the text once again and make marginal marks (пометки на полях): √ I knew it + New information - The information contradicts my knowledge (противоречит моим представлениям) ? The information isn’t enough or understandable (непонятна или недостаточна)
Land as a resource Land is the ultimate resource. Without it life on earth cannot be sustained. Land is both a physical commodity and an abstract concept in which the rights to own the land are as much a part of the land as the objects rooted in its soil. Good stewardship of the land is essential for present and future generations. Objects that are not attached to the soil, such as motor cars, animals and human beings, are not part of the land, although they will be subject to the rights that control the use of the space that they occupy. “ Land is something over which individuals or communities have rights of ownership and use. It can be bought and sold and be subject to tax, and that is the basis of economic production. In many countries the term “real estate” is used to describe land. Some differentiate between the land and the buildings attached to it, considering the latter as “property”. In this text the term “land” will be treated as all embracing, while real property refers to man-made constructions. The role of land in the economy of each nation is not always obvious, but is of great significance. There can be no sustainable development without secure land rights, because there will be little willingness to make long-term investments. Countries in transition will, in particular, find it difficult to obtain some foreign investment.
What is land entitlement? Understanding Entitlement Process Most people purchase land for one purpose: to develop it. That means building a home, shopping centre or apartment complex. A large percentage of land buyers search for properties with development in mind. Before starting your project you should go through the land entitlement process. What is Land Entitlement? Land entitlement is the legal process of obtaining approvals for your development plans. This process can be lengthy, complicated, and at times, expensive. But it is a vital part of the development phase because it helps determine what can and can’t be done with the property. In other words, entitlement can make or break your project. Simply put, entitlements are a legal agreement between you and governing municipality to allow for the development of a certain building type.
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