Difference between revisions of "Condemnation"
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| − | '''Condemnation''' is the legal process by which the government takes private land for public use, paying the owners | + | '''Condemnation''' is the legal process by which the government takes private land for public use, paying the owners an allegedly fair price. Often, however, the price established by the proceeding does not fully compensate the owner for his losses resulting from the taking, such as the [[goodwill]] a business has developed at that particular location. |
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| + | == See also == | ||
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| + | *[[Eminent domain]]. | ||
| + | [[Category:Legal Terms]] | ||
Revision as of 21:40, May 30, 2009
Condemnation is the legal process by which the government takes private land for public use, paying the owners an allegedly fair price. Often, however, the price established by the proceeding does not fully compensate the owner for his losses resulting from the taking, such as the goodwill a business has developed at that particular location.
