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| ALLODIAL SYSTEM |
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Related Terminology: CONDOMINIUM
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| a legal system that allocates full property ownership rights to individuals. The allodial system is the basis for property rights in the United States. |
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| Example Under the allodial system, an individual may obtain fee simple ownership of a parcel of real estate. This allows the individual to enjoy the full set of rights entailed in property ownership, subject to restriction only by governmental powers of taxation, police power, and eminent domain. |
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