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Thursday, May 23, 2013

Change in Shape of Your Property Entitles You to Severance Damages


The power of eminent domain allows the government and other entities to condemn your property and take it for public use. In Jacksonville, Orlando, or any other part of the state you are entitled to full compensation for the taking of your private property. This includes a partial taking that reshapes your parcel.

Altering the shape of your property can also lessen the value of the remainder of your land. So when the government or other authorized entity takes only a portion of your property, you should receive compensation for the acreage they took and severance damages for the devaluation of the remainder of your property.

Devaluation often occurs when your property is sliced into a triangular shape by the eminent domain taking. Studies have shown that triangular parcels sell for less than comparably sized rectangular or square pieces of land.

At the Florida Property Rights Law Firm, our experienced eminent domain attorneys can help you recover full compensation for your taken property and the devaluation of the remainder of your property when it is reshaped through the eminent domain process.

If you need an eminent domain attorney in Jacksonville or throughout Florida, please contact Florida Property Rights Law Firm. Call 800-914-8661 today for your free consultation. 

posted by Admin at 6:48 AM

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