The process of eminent domain is not automatic, regardless of the entity seeking to assume ownership of private property. Relinquishing a valuable asset by accepting the government’s financial offer ignores the complexity of the proceedings and rights of the property owner.
The eminent seeking to acquire property must meet the requirements for a public purpose or public necessity. Many proceedings do not meet those standards, allowing for abuse of power by the expropriating. The help of an experienced real estate attorney is paramount in protecting the property owners’ rights.
Depending on the particulars of a case, a property owner may be entitled to compensation for any or all of the following:
- The fair market value of real property
- Severance damages (i.e. damages resulting to the land not expropriated
- Fixtures, equipment and/or improvements pertaining to realty
- Pre-exportation damages
For a consultation with an experienced Louisiana real estate lawyer, call today at (504) 488-3722 or fill out the contact form below to schedule a consultation.