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Attorney Steve® explains the "condemnation clause"
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ARIZONA EMINENT DOMAIN ATTORNEY
The government's power of eminent domain allows it to take the private land of citizens for public use and benefit. To ensure this power is not abused, citizens must be given just compensation if their property is taken in this way. This means that the full market value of your real estate must be fairly paid to you by the government, otherwise, governments are prevented from using eminent domain for any ill-motived purpose or gain. By ensuring a fair payment exists when the government takes your real estate through its powers of eminent domain, the public purpose remains an important foundation protecting citizen rights.
When you are in an eminent domain or "condemnation" action as they call it in Arizona, one thing that could determine what parties are entitled to the "just compensation award" is the existence or non-existence of a "condemnation clause."
Watch Attorney Steve, the real estate lawyer, illustrate this legal concept and help provide a working definition.
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