Condemnation Value

Definition of "Condemnation value"

Diane Varni
  Coldwell Banker Residential Brokerage

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 property”, 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.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ