Eminent Domain For Developed Properties
Although the government has the right to appropriate private properties for public use, the Constitution requires that the landowner receive just compensation, or fair market value, for the property in question. However, this does not guarantee that the government entity taking a property will provide adequate compensation in its first offer. It is critical to work with an experienced lawyer who can protect your interests in the condemnation and eminent domain process.
At Sheats & Muckleroy LLP, we have more than 25 years of experience handling matters such as eminent domain for developed properties. We represent clients in Fort Worth, Dallas and throughout the surrounding counties. Our attorneys use their varied experience to provide sound counsel and aggressive representation.
Any property that has any substantial physical/structural improvement can be considered developed. Even a parking lot or billboard can render a property developed, which involves a different, more complicated approach than the one involved in eminent domain for undeveloped properties. Eminent domain proceedings for commercial real estate and other developed properties can be high-stakes, high-dollar claims.
There are three methods of appraising a business or other developed property: Cost, income and comparable sales. At Sheats & Muckleroy LLP, our attorneys work with a team of real estate appraisers and advisers to make sure the property has been accurately valued and that our clients receive fair compensation for their properties.
Contact Sheats & Muckleroy, LLP
Do not risk losing the compensation owed to you for your developed property. Schedule a consultation with an experienced Sheats & Muckleroy, LLP lawyer by calling 817-953-5094 (866-633-5812 toll free) or by contacting us online.