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federal rule for condemnations |
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federal rule for condemnations A method of appraising property taken by the federal government via condemnation under its rights of eminent domain.It is employed when less than an entire parcel is taken. The entire parcel is given a value as it would be before condemnation. Then the parcel to be taken is subtracted,and the remaining parcel appraised.The difference is the condemnation award. This differs from the method used by most states, which value the property condemned and then award damages for the decrease in value suffered by any leftover property. See before-and-after rule. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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