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A municipal corporation authorized by law to take and hold real property for the uses and purposes of the corporation, may, if it is unable to agree with the owners for the purchase thereof, acquire title to such property by condemnation.
Columbia University is the largest owner in New York City by the number of locations and manages over 5000 apartments across 150 residential buildings.
House condemnation refers to the legal process through which a local government authority declares a house unfit for human habitation. The process typically begins when a house exhibits severe structural damage, safety hazards, or violations of local building codes that endanger the well-being of its occupants.
A condemnation action is a lawsuit where a government is exercising eminent domain to procure private property for some public use or benefit.
Key Points. The Molpus Woodland Group is the largest private landowner in New York, owning 112,000 acres of land across the state.
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.
ACQUISITION. Acquisition is the process of gaining ownership or control of real property (real estate) or an interest in real property.
Condemnation in the legal sense refers to when a government exercises its eminent domain powers to seize private property for public use. Both local/state governments and the Federal Government have the authority to condemn property.