What is eminent domain?

Eminent domain is a legal power that allows the government (at any level, federal, state, or local) to take private property for public use. It is used by governments to acquire property for public projects such as roads, hospitals, and schools. In the state of Washington, eminent domain is authorized by the Washington Constitution and state statute. When the government exercises its power of eminent domain, the owner of the property is entitled to compensation for the value of the property taken. The amount of compensation must be fair market value - the amount that a willing buyer is willing to pay a willing seller in an arm’s length transaction. If a property owner disagrees with the government’s valuation of the property, they can go to court and challenge the amount of compensation offered. The court will then make a determination of the value of the property to determine the amount of compensation. Eminent domain is a very powerful legal authority, and it is essential that property owners understand their rights when dealing with the government. The government must act in accordance with the law and must pay the property owner fair market value for any property taken.

Related FAQs

What is a lease?
What is a servitude?
What are the elements of a valid deed?
What is the difference between a real right and a personal right?
What is a deed of confirmation?
How is property legally defined?
What is the Interpleader Statute?
What are the various types of restrictive covenants?
What is a landlord's duty to provide safe housing?
What is the rule against perpetuities?

Related Blog Posts

What You Need to Know About Property Law - July 31, 2023
Property Law: What to Look Out For When Purchasing Real Estate - August 7, 2023
Understanding the Basics: A Guide to Property Law - August 14, 2023
Common Types of Property Law Cases - August 21, 2023
The Impact of Property Law on Real Estate Transactions - August 28, 2023