|
|
Article: Property owners must know eminent domain.(Brief Article)
- Article from:
- Los Angeles Business Journal
- Article date:
- May 27, 2002
- Author:
CopyrightCOPYRIGHT 2002 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Most property owners pay little or no attention to the issues of eminent domain. These days however, if you own property in a redevelopment area, along a major transportation corridor or in a neighborhood the Los Angeles Unified School District (LAUSD) believes is undeserved, you could be subject to governmental action utilizing eminent domain to condemn your property.
The principal of eminent domain
The process of condemning private property in the interest of the public good, is a long standing legal principle. Most governmental agencies use it as a last resort after negotiations with property owners prove fruitless. However, don't be lulled into a ...