South Carolina Post Acquisition Opinion

State:
Multi-State
Control #:
US-OG-462
Format:
Word; 
Rich Text
Instant download

Description

The Post Acquisition Opinion, this form is provided for post acquisition opinions in oil, gas or mineral dealings.
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FAQ

In South Carolina, the eminent domain case focuses on the amount of just compensation. The landowner is entitled to be compensated for the value of the property taken, plus any damage to the remaining land, but the government may receive credit for certain statutory benefits.

Eminent domain is the right of governments like the United States to usurp private property for public use, following fair compensation. Everything from airspace, land, and contract rights to intellectual property is subject to eminent domain if a case can be made for its public use.

In South Carolina, 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.

They must live in the land unit or area for at least 10 continuous years to make an adverse possession claim in South Carolina. As mentioned, it must be interrupted. A squatter who was away for a few weeks or months cannot add that time into the continuous possession period.

The four key components of a standard opinion letter are: List of documents reviewed. Factual conclusions. Legal enforceability opinion.

But the Fifth Amendment places two strict limits on eminent domain. First, private property can be taken only for ?public use,? or public works projects, like roads and bridges. Second, even if a property is taken for a public use, the owner must be paid ?just compensation.?

(a) The unexplained absence of a tenant from a dwelling unit for a period of fifteen days after default in the payment of rent must be construed as abandonment of the dwelling unit.

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South Carolina Post Acquisition Opinion