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
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Investment made rationally and intelligently as would be expected by a professional person. A reasonable degree of safety and return are expected. A example is an office building with 99% ...
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