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 about Law
If your property contains an easement or a right-of-way, your rights depend on the type of easement and your state laws, according to Nolo. Generally, the property owner has the right to do anything that does not interfere with the easement, says FindLaw.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 >
Rescinding a power of attorney involves writing a notarized statement, notifying the person in writing who previously had that power, and filing the statement with the county clerk in any county containing affected property. A party must be competent to revoke this power, notes Utah Legal Services.Full Answer >
California Probate Code Section 13100 is part of the California state law regarding the acquiring of property under a certain value by a successor from the estate of a decedent. It is applicable after a period of 40 days, according to the Legislative Counsel of California.Full Answer >