Examples of Severance damages in a sentence
Severance damages shall be determined by methods acceptable in accordance with Florida law.
Severance damages are possible if a highway project acquisition affects the use of the property when an off-premise sign is moved to another location on the property.
When outdoor adver- tising signs and sign sites involve a leasehold value, the State’s procedures should provide for determining value in the same manner as any other real es- tate leasehold that has value to the lessee.(4) Severance damages.
Severance damages are awarded for property taken that is part of a larger parcel, and the remaining property loses value or is damaged because it is severed from the larger parcel.
Severance damages may also be paid where such damages exist and are allowed by statute.
When outdoor adver-tising signs and sign sites involve a leasehold value, the State’s procedures should provide for determining value in the same manner as any other real es- tate leasehold that has value to the lessee.(4) Severance damages.
Severance damages occur when (a) the government takes only part of the owner’s property, (b) the part taken and the part not taken were an integrated whole prior to the taking, and (c) as a result of the taking, there is a decrease in the fair market value of the part not taken.
Severance damages occur when the government takes part of a parcel and there is a decrease in the fair market value of the part remaining.
Severance damages may be reduced or eliminated by curing the condition causing the damages at a cost less than the amount of damages avoided by the cure.
Principle No. 3: (Truly) Just Compensation The report (America National Association of Realtors 2006) defines just compensation to include: Fair market value Attorneys fees Temporary housing Lost business revenue Severance damages Relocation costs In cases of eminent domain for economic development: Provide that just compensation include value beyond fair market value based on a reasonable percentage of the value of the future use of the property taken by eminent domain.