Consequential damages refer to the loss in value of a property caused by the taking of a nearby property or development on another property. These damages may not be directly caused by an action but occur as a consequence of it.
Indirect damages, also known as consequential damages or severance damages, refer to losses that do not flow directly and immediately from an act but are a consequence of the initial act. These are often distinguished from direct damages, which are the immediate and obvious losses.
In condemnation proceedings, the larger parcel refers to the overall property from which the condemned property is taken. It includes properties that are affected, although not actually taken, to determine severance damages.
Severance damages compensate for the reduction in value suffered by a property owner when part of their property is taken through condemnation, often ensuring that they are fairly compensated for the resultant loss and inconvenience.
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