Can I be compensated if the governments eminent domain acquisition disadvantageously effects my business operation?
If the disadvantage to an owner’s business also affects the value of the real estate, compensation must be paid. Otherwise, if the damages are to the business only, compensation is generally not awarded. There are exceptions, though, but they must be analyzed on a case-by-case basis. If a business is forced to move because of an acquisition, the business is always entitled to relocation benefits.
Related Questions
- If the governments eminent domain acquisition causes some of my remaining property to be landlocked, am I forced to sell this landlocked parcel to the government in order to obtain its full value?
- Are Agency banks compensated for conduct of Central/State Government business?
- Why Does The Government Give Business Grants?
