Eminent Domain

Definition of "Eminent domain"

Holly Mclear Hogan Associates Real Estate

Governmental right to take private property for public use as long as fair compensation is paid to the owner. Roads, parks, public parking, and other public and social purposes are obtained in this manner. A condemnation proceeding is required when the government exercises this right.

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Popular Real Estate Terms

Condemnation

Legal action under eminent domain where the government takes ownership of privately held real estate for public use (parks or schools for example) irr ...

Inverse Condemnation

A legal action against government when property rights have been compromised or usurped by a government activity without a formal condemnation or emin ...

Lis Pendens

Notice of a pending suit; a public notice given to prospective purchasers and any one else considering an interest in property that the title is being ...

Highway Easement

The construction of a highway right way over a privately held parcel of land. Property owners are entitled to compensation for the value of the prope ...

Pro Tanto

Partial fulfillment. Pro tanto is normally used in relation to the partial satisfaction of a claim. For example, a pro tanto settlement in an eminent ...

Just Compensation

Compensation representing the fair market value of a property taken in an eminent domain action. Foe example, Brian received $150,000 for his home whi ...

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