What are the different types of compensation available?

In California, there are three main types of compensation available for those affected by eminent domain law. The first is called “just compensation.” Just compensation is the amount of money that must be paid to the owner of the property in exchange for their loss of the property. This money must be equal to the fair market value of the property as determined by a professional appraisal. The second type of compensation is referred to as consequential damages. This includes any additional losses that the property owner may have incurred due to the taking of their property, such as loss of income or inconvenience. Finally, the third type of compensation is called relocation assistance. This type of assistance may be offered to property owners who must move their homes or businesses in order to accommodate the taking of their property. This assistance may include payment for the costs associated with the move, the cost of finding a new place to live or work, and any other costs associated with the relocation.

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What are the different types of compensation available?

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