This office lease clause is a condemnation clause that illustrates a mild effort to deal with some of the issues In the event the whole of the building or a substantial part of the building is condemned.
This office lease clause is a condemnation clause that illustrates a mild effort to deal with some of the issues In the event the whole of the building or a substantial part of the building is condemned.
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Proceedings for the condemnation shall be in the Circuit Court of the county in which the property lies, and shall be conducted in the name of the authority. The city attorney shall conduct the proceedings for the authority.
Proceedings for the condemnation shall be in the Circuit Court of the county in which the property lies, and shall be conducted in the name of the authority. The city attorney shall conduct the proceedings for the authority.
Condemnation, also called eminent domain or a ?taking,? is the right of a government or its agent to take private property for public use, with payment of compensation. In a condemnation action, the government takes both physical possession and legal title to the property.
In Kentucky, eminent domain gives the government the power to take your property, even if you don't want to sell. But under the Fifth Amendment, eminent domain must be for a ?public use,? which traditionally meant projects like roads or bridges.
Condemnation is defined as the taking of private property for a public use under the right of eminent domain. This power is granted to a public entity through the Eminent Domain Act of Kentucky and is exercised to take property without the owner's permission.
Condemnation in real estate occurs when a government seeks to take property from a private owner, either through eminent domain or some other governmental function. Generally, in a condemnation proceeding, the court must decide whether the taking is legal and appropriate compensation.
Condemnation: The process of discarding the institutional assets which are unfit for use as per the decision of the Institute. Disposal: The process of liquidating the assets which are unfit for use by anyone after the condemnation.