Eminent Domain Flashcards
1
Q
Eminent Domain
A
- Power of the state/fed govt to take private property for public use. (public use - broadly interpreted) -
2 types: 1) Condemnation / 2) Inverse Condemnation
2
Q
Eminent Domain - Condemnation
A
- Judicial proceeding started by govt in order to obtain title + compute compensation to due owner
- Compensation: FMV at its “highest and best use” (shared by LL and T’s)
3
Q
Eminent Domain - Inverse Condemnation
A
- Judicial proceeding started by owner when:
- restriction to use of property are so substantial they equal a taking.
- New zoning/ historic landmark restriction not enough.
4
Q
A