What is Eminent Domain?
Posted by Tom Crimmins Realty on
What You Should Know About Eminent Domain:
The eminent domain is the right that the government possesses to acquire private property for the use of the public. Since the government takes the private property for public use, a payment of compensation is given to the owners of the property. The eminent domain is involved within the fifth amendment which states that the U.S government is able to use private property or assets that benefit the public domain.
The benefits of eminent domain was making sure that landowners receive appropriate compensation for their property as per their constitutionally protected right is the most crucial aspect of any eminent domain operation. No matter what public advantage results from the condemnation, the…
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