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

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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)
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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.
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4
Q
A
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