Appropriation in real estate refers to the setting aside of land for a public use or to the allocation of funds by a budgetary authority for a specific purpose.
Condemnation refers to the process by which private property is taken for public use with compensation provided to the property owner. This is often done under the legal right known as eminent domain. Alternatively, it can also refer to the declaration of a structure as unfit for use.
A condemnor is a government or agency with governmental authority that is empowered to take private property for public use upon payment of just compensation, typically in the process known as eminent domain.
Dedication refers to the act of setting aside and transferring ownership of private land by its owner to a public agency for public use, which must be formally accepted by the governmental unit.
Eminent domain is the power of the government or its delegate to take private property for public use, with the requirement that the owner is fairly compensated. This legal principle ensures that essential public projects can proceed while protecting the property rights of individuals.
Expropriation refers to the seizure or takeover of private property for public use by an entity that possesses the legal authority to do so. Typically, this action is undertaken by governments or other regulatory bodies under the justification that the property is needed for public utility.
Involuntary Conversion Condemnation occurs when private property is taken for public use without the owner's consent, often through eminent domain or sudden destruction by nature. This process leads to the conversion of private property into a public asset or adaptation.
Property refers to the legal rights an individual or entity has over certain resources, including real estate and personal belongings. These rights allow the owner to use, enjoy, and dispose of their property as they see fit, subject to certain restrictions enforced by law.
Relocation benefits refer to payments made by the government to occupants who are forced to move due to a condemnation action. Condemnation is the legal process by which the government takes private property for public use through eminent domain. These benefits are designed to cover the costs associated with moving to a new location and are provided to anyone affected, including property owners, tenants, and other non-owner occupants.
