Eminent domain allows cities and other government entities to conduct major construction projects that require property that the entities do not already own. These types of projects often include stadiums and multi-use complexes that have the potential to contribute significant tax revenues to those entities.Know More
The U.S. Supreme Court upheld the right of local government entities to take over properties for the purposes of economic development, as long as they provide the former owners of those properties with fair market value in the transaction. The specific case featured the condemning of homes by the city of New London, Conn., in order to allow private entities to develop the area. The condemned homes had significantly lower property tax values than the private development was proposed to have.
The advantages of eminent domain are not universally supported. Because eminent domain allows the government to take away property from citizens, the process causes anger and frustration, as the local government entity is also in charge of setting the "fair market value" of the property; however, the end result of the transaction, which is generally a newer, more attractive (and more lucrative) property, benefits the community, which serves as the motivation for eminent domain.Learn more in Law
In the state of New York, a squatter may gain adverse possession of a property if he occupies the land for a period of 10 years in a manner that is "actual, open and notorious, exclusive and continuous," according to the Touro Law Review.Full Answer >
Ways to avoid probate include implementing revocable living trusts, gifting property and having joint ownership with another individual, according to Nolo.com. Another way to avoid probate is having payable-on-death accounts.Full Answer >
When executing a quit claim deed, the sections of the form are filled in with information attesting to the amount, description and transfer of the property, according to TheLawDictionary.org. Quit claim deeds are popular in part because of their simplicity.Full Answer >
Landlords can legally evict tenants for failing to pay rent, committing illegal acts on the property and violating lease obligations, according to the Office of the Tenant Advocate in Washington, D.C. The D.C. Office of the Tenant Advocate also indicates that landlords can pursue evictions when they intend to use the rental unit for personal occupancy or plan to sell, convert or extensively remodel the property.Full Answer >