Just Compensation. What about similar sales?

What’s happening? A court in North Dakota determined that just compensation in the taking of property by eminent domain can include a review of similar sales.

Why is this important? Determining just compensation is a hot topic.

How will this be important? There’s always a lot of talk about market value, introducing evidence of similar sales could be the new term of art for just compensation policy makers.

JD Supra | North Dakota Court: Similar Sales Admissible to Determine “Just Compensation” for Eminent Domain