Search results
Results From The WOW.Com Content Network
A condemned property or a condemned building is a property or building that local (usually municipal) authorities have closed, seized, or placed restrictions on for various reasons, including public safety and public health, in accordance with local ordinance.
Market value is the prevailing, but not exclusive measure of determining the just compensation owed to a landowner under the Fifth Amendment. Fair Market Value is defined by appraisers as the most probable price, in terms of cash that would be paid by a willing buyer to a willing seller, each being fully informed of the property's good and bad features, with the property being exposed on the ...
Inverse condemnation is a term which describes a claim brought against the government in which a property owner seeks compensation for a `taking' of his property under the Fifth Amendment. In states that prohibit uncompensated taking or damaging, physical damage to property is included in this definition.
When private property is destroyed, condemned, or disposed of, the owner may receive a payment in property or money in the form of insurance or a condemnation award. [22] If property is compulsorily or involuntarily converted into money (as in eminent domain) the proceeds can be reinvested without payment of capital gains tax provided it is ...
Jul. 9—Clovis City Commissioners voted to condemn seven city properties setting them up for possible demolition in the near future. The action happened at Thursday's regular session of the ...
Inverse condemnation is a legal concept and cause of action used by property owners when a governmental entity takes an action which damages or decreases the value of private property without obtaining ownership of the property through the use of eminent domain. Thus, unlike the typical eminent domain case, the property owner is the plaintiff ...
Jan. 31—The City and County of Honolulu says a three-story, 1940s-era Waikiki walk-up left abandoned for decades and that had become a target for squatters, graffiti taggers and vandals will be ...
Apr. 9—The Honolulu Authority for Rapid Transportation would like to acquire by eminent domain five private properties along the rail corridor as construction of the nearly $10-billion Skyline ...