This blog recently discussed how just compensation for a government taking of property may be calculated. It can also be helpful to consider the eminent domain process in Florida when property is taken for a public use such as a roadway or other transportation project. When that is the case, there is a process the government follows.
How just compensation for eminent domain is calculated
When a property owner is having their property taken through eminent domain, it is important for them to understand what types of damages they should receive. When property is taken by the government for public use through eminent domain, the government must pay just compensation for the taking which is why it is essential for property owners to know what just compensation means.
Taking action over an inaccurate seller's disclosure
Buying real estate often involves multiple professional examinations of the property, as well as thorough disclosures provided by the seller. The purpose of appraisals and disclosures is to protect people from getting taken advantage of by unscrupulous individuals.
