Salt Flat Eminent Domain Lawyer, Texas
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LEGAL TERMS
MULTIPLE LISTING SERVICE (MLS)
A computer-based service that provides real estate professionals with detailed listings of most homes currently on the market. Much of the information can now b... (more...)
A computer-based service that provides real estate professionals with detailed listings of most homes currently on the market. Much of the information can now be obtained by the public through websites like www.realtor.com.
CONTINGENCY
A provision in a contract stating that some or all of the terms of the contract will be altered or voided by the occurrence of a specific event. For example, a ... (more...)
A provision in a contract stating that some or all of the terms of the contract will be altered or voided by the occurrence of a specific event. For example, a contingency in a contract for the purchase of a house might state that if the buyer does not approve the inspection report of the physical condition of the property, the buyer does not have to complete the purchase.
LIFE TENANT
One who has a life estate in real property.
DIVIDEND
A portion of profits distributed by a corporation to its shareholders based on the type of stock and number of shares owned. Dividends are usually paid in cash,... (more...)
A portion of profits distributed by a corporation to its shareholders based on the type of stock and number of shares owned. Dividends are usually paid in cash, though they may also be paid in the form of additional shares of stock or other property. The amount of a dividend is established by the corporation's board of directors; however, state laws often restrict a corporation's ability to declare dividends by requiring a minimum level of profits or assets before the dividend can be approved.
TESTAMENTARY DISPOSITION
Leaving property in a will.
ESCHEAT
The forfeit of all property to the state when a person dies without heirs.
EMINENT DOMAIN
The power of the federal or state government to take private property for a public purpose, even if the property owner objects. The Fifth Amendment to the Unite... (more...)
The power of the federal or state government to take private property for a public purpose, even if the property owner objects. The Fifth Amendment to the United States Constitution allows the government to take private property if the taking is for a public use and the owner is 'justly compensated' (usually, paid fair market value) for his or her loss. A public use is virtually anything that is sanctioned by a federal or state legislative body, but such uses may include roads, parks, reservoirs, schools, hospitals or other public buildings. Sometimes called condemnation, taking or expropriation.
BEQUEST
The legal term for personal property (anything but real estate) left in a will.
RIGHT OF SURVIVORSHIP
The right of a surviving joint tenant to take ownership of a deceased joint tenant's share of the property. See joint tenancy.
SAMPLE LEGAL CASES
TEXAS BAY CHERRY HILL v. City of Fort Worth
... The Plan, the City manager's report to the City council regarding the Plan, and the
resolution adopting the plan all explicitly state that the City will not use its powers
of eminent domain to acquire property under the Plan. The ...
City of Dallas v. VSC, LLC
... We overrule the City's second issue. Taking. In its third issue, the City contends its seizure of
the vehicles was not a taking under article one, section seventeen because the vehicles were
seized pursuant to the City's police power, not its eminent domain power. ...
FKM PARTNERSHIP v. Board of Regents
... The court of appeals in this case correctly noted that as in "other civil cases, an eminent domain
proceeding is subject to the rules of civil procedure," and these rules "permit parties to amend
their pleadings and also to dismiss some or all of their claims." 178 SW3d at 5 (citing ...
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