Private Restrictions are also known as limitations and are considered encumbrances. Encumbrances are binding on anyone who has interest in the property value. Encumbrances include but not limited to, covenants, conditions, restrictions, liens, easements, profit a prendre, encroachment, adverse possession.
Really cool article on Encroachment...
http://www.mtdemocrat.com/business-real-estate/encroachment-conflicts-you-be-the-judge/
Public Restrictions are when the government creates limitations on ownership of real estate through taxation, eminent domain, police power, escheat.
Here's a article about an Eminent Domain case where the state wins againhttp://www.washingtoncitypaper.com/blogs/housingcomplex/2012/12/10/judge-rules-in-districts-favor-on-final-skyland-eminent-domain-case/
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