Sarasota -Lakewood Ranch - Longboat Key, Florida, United States
Green Realtor

Thursday, May 15, 2008

Real Estate Term You Should Know

EMINENT DOMAIN

The right of the government and certain others, such as public utilities, to acquire property for public or quasi-public use by condemnation, upon payment of just compensation to the owner. The constitutional or inherent right of a government to take private property for public good upon the payment of just compensation

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