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Real Estate Glossary

Eminent Domain

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Written by Luis Escobar

This is the power private persons or corporations, municipalities, and states possess that allow them to exercise functions of public charter in order to obtain private property for public use by condemnation. The owner will then be justly compensated.

This is the power private persons or corporations, municipalities, and states possess that allow them to exercise functions of public charter in order to obtain private property for public use by condemnation. The owner will then be justly compensated.

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Luis Escobar

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