Condemnation Value
Definition of "Condemnation value"
Condemnation is a process by which private property is taken for the purpose of public use. Prior to the taking, the property is said to be “condemned propertyâ€, meaning that it has been marked for destruction or modification in order that the plot of land can be used for public use. Also check out compensation.
Popular Real Estate Terms
Part of something such as the units making up a heating or air conditioning system in a building. ...
Payment made by the tenant to the landlord for the right to use property, such as an apartment or office. ...
See concrete block. ...
In short, an overage means a surplus or an excess of money. An overage can present itself at a property at an auction where the asset has gone over the asking price. Suppose there’s a ...
" A metal plate attached to the lower end of a door to prevent marring from people "kicking" the door in order to open it. A metal plate mounted on the open edge of a stairs platform." ...
Managing partner of a limited partnership who is in charge of its operations. A general partner has unlimited liability. Member of a partnership who is jointly and severally liable for ...
The abstraction method is a valuation procedure used to determine the land value relative to the total market value of the property. The abstraction approach is most often used when there ...
Performance of a complete inventory of real property within a jurisdiction. A cadastral program produces the cadastral map. ...
Depressed, poorly kept locality that may include vacant businesses. It may be a high crime area. The people living in the area are typically poor and there may also be homeless people. ...
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